J. Goldman & Co LP Takes $18.41 Million Position in Generac Holdings Inc. $GNRC

J. Goldman & Co LP acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,859 shares of the technology company’s stock, valued at approximately $18,406,000. J. Goldman & Co LP owned approximately 0.11% of Generac as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in shares of Generac during the 2nd quarter worth $25,000. MUFG Securities EMEA plc bought a new stake in shares of Generac in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac in the 3rd quarter worth approximately $26,000. Avalon Trust Co purchased a new position in Generac during the first quarter valued at approximately $32,000. Finally, Essential Partners LLC raised its stake in Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $290.00 price target on shares of Generac in a report on Thursday, May 21st. TD Cowen reissued a “buy” rating on shares of Generac in a report on Monday, July 20th. Roth Capital set a $214.00 price objective on shares of Generac in a report on Thursday, July 30th. Zacks Research upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.84.

Generac Stock Down 0.6%

Generac stock opened at $202.27 on Wednesday. The business’s 50-day moving average price is $231.03 and its 200 day moving average price is $230.13. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 46.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.92. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the transaction, the insider owned 15,508 shares in the company, valued at approximately $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the sale, the chief executive officer directly owned 554,528 shares in the company, valued at approximately $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,236 shares of company stock worth $2,871,273. 2.40% of the stock is owned by company insiders.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.