Geremia Financial Services LLC Has $9.20 Million Holdings in Generac Holdings Inc. $GNRC

Geremia Financial Services LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 47,072 shares of the technology company’s stock after acquiring an additional 3,719 shares during the period. Generac makes up approximately 7.5% of Geremia Financial Services LLC’s portfolio, making the stock its 6th biggest position. Geremia Financial Services LLC’s holdings in Generac were worth $9,195,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GNRC. MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in Generac in the third quarter valued at about $26,000. GHP Investment Advisors Inc. bought a new position in Generac in the first quarter valued at about $36,000. Root Financial Partners LLC boosted its stake in shares of Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Generac by 33.8% during the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after purchasing an additional 110 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 0.2%

Shares of GNRC stock opened at $253.04 on Friday. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 79.32, a PEG ratio of 2.36 and a beta of 1.89. The stock has a 50-day moving average of $265.08 and a 200-day moving average of $214.05.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the subject of several recent research reports. Stephens reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of Generac in a research note on Thursday, May 21st. Wells Fargo & Company lifted their target price on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Citigroup raised their price target on shares of Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.18.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% 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. 2.40% of the stock is currently owned by company insiders.

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.