49,433 Shares in Generac Holdings Inc. $GNRC Acquired by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 49,433 shares of the technology company’s stock, valued at approximately $14,474,000. Empowered Funds LLC owned approximately 0.08% of Generac as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nicollet Investment Management Inc. raised its holdings in shares of Generac by 0.7% during the fourth quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after purchasing an additional 50 shares during the period. Root Financial Partners LLC grew its stake in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 54 shares during the period. Gen Wealth Partners Inc grew its stake in shares of Generac by 8.7% in the 4th quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after buying an additional 54 shares during the period. Meridian Financial Partners LLC increased its position in Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after buying an additional 61 shares in the last quarter. Finally, Essential Partners LLC increased its position in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GNRC shares. Stephens reaffirmed an “overweight” rating and set a $290.00 target price on shares of Generac in a research report on Thursday, May 21st. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Stifel Nicolaus boosted their price target on shares of Generac from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Canaccord Genuity Group lowered their price objective on shares of Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Raymond James Financial set a $302.00 price objective on shares of Generac in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.84.

Insiders Place Their Bets

In other news, insider Kyle Andrew Raabe sold 586 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the transaction, the insider owned 10,746 shares of the company’s stock, valued at approximately $2,292,659.10. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the transaction, the chief executive officer owned 554,528 shares in the company, valued at $108,071,961.92. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,236 shares of company stock worth $2,871,273 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Generac Trading Down 6.7%

Shares of Generac stock opened at $184.02 on Friday. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a market cap of $10.86 billion, a PE ratio of 42.40, a P/E/G ratio of 1.68 and a beta of 1.92. The stock has a fifty day moving average price of $226.30 and a 200-day moving average price of $230.15. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00.

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

Generac Company 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.