Inspire Investing LLC Makes New $968,000 Investment in Generac Holdings Inc. $GNRC

Inspire Investing LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,785 shares of the technology company’s stock, valued at approximately $968,000.

A number of other hedge funds also recently made changes to their positions in GNRC. New York Life Investment Management LLC increased its stake in Generac by 0.7% in the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock valued at $1,135,000 after acquiring an additional 58 shares during the last quarter. Beacon Investment Advisors LLC boosted its holdings in shares of Generac by 0.3% in the 2nd quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock worth $3,735,000 after purchasing an additional 70 shares in the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of Generac by 2.7% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company’s stock valued at $410,000 after purchasing an additional 75 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after buying an additional 77 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its position in Generac by 4.1% in the 2nd quarter. Fiduciary Alliance LLC now owns 2,259 shares of the technology company’s stock worth $324,000 after buying an additional 89 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

GNRC stock opened at $140.81 on Friday. The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 1.40 and a beta of 1.82. The firm’s 50-day moving average price is $158.49 and its two-hundred day moving average price is $164.83. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GNRC. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Wells Fargo & Company set a $195.00 target price on shares of Generac in a report on Friday, December 19th. Canaccord Genuity Group reissued a “buy” rating and issued a $240.00 price target on shares of Generac in a research note on Thursday, October 30th. Barclays upped their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

About Generac

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.