294 shares in Generac Holdings Inc. (NYSE:GNRC) bought by ORG Partners LLC

ORG Partners LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) during the 2nd quarter, HoldingsChannel reports. The firm purchased 294 shares of the technology company’s stock, valued at approximately $39,000.

A number of other hedge funds have also recently bought and sold shares of GNRC. ICA Group Wealth Management LLC bought a new position in shares of Generac during the fourth quarter valued at about $27,000. EntryPoint Capital LLC boosted its stake in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Quarry LP lifted its position in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the last quarter. Bank & Trust Co purchased a new position in shares of Generac in the second quarter valued at about $53,000. Finally, Richardson Capital Management LLC bought a new position in shares of Generac in the first quarter valued at approximately $73,000. 84.04% of the shares are held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

GNRC has been the subject of several research analyst reports. Scotiabank boosted their price objective on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Piper Sandler upped their target price on shares of Generac from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Janney Montgomery Scott lowered shares of Generac from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $126.00 to $154.00 in a research report on Thursday. June 13. Stifel Nicolaus reissued a “buy” rating and set a $175.00 target price (up from $145.00) on shares of Generac in a research report on Thursday, August 1st. Finally, Stephens restated an “overweight” rating and issued a $200.00 target price on shares of Generac in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $154.71, according to MarketBeat.

See our latest report on GNRC

Generac trading up 1.1%

Shares of Generac stock opened at $150.62 on Friday. The company’s 50-day moving average price is $144.71 and its 200-day moving average price is $134.14. The company has a current ratio of 2.25, a quick ratio of 0.97, and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $169.57. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 1.93 and a beta of 1.37.

Generac (NYSE:GNRC – Get Your Free Report ) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s revenue for the quarter was down 0.2% compared to the same quarter last year. During the same period in the previous year, the company posted EPS of $1.08. On average, equities analysts expect that Generac Holdings Inc. to post 6.3 earnings per share for the current fiscal year.

Insider buying and selling

In other Generac news, EVP Erik Wilde sold 4,384 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the sale, the executive vice president now owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the transaction, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this hyperlink. Also, EVP Erik Wilde sold 4,384 shares of Generac stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $154.04, for a total value of $675,311.36. Following the sale, the executive vice president now directly owns 17,897 shares of the company’s stock, valued at approximately $2,756,853.88. The disclosure for this sale can be found here. Insiders have sold a total of 75,239 shares of company stock worth $10,943,920 over the last ninety days. 2.80% of shares are owned by corporate insiders.

About Generac

(Free Report)

Generac Holdings Inc designs, manufactures and distributes various energy technology products and solutions worldwide. The company offers residential automatic standby generators, automatic transfer switch, residential air-cooled engine standby generators and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a battery system, an inverter, photovoltaic optimizers, electronic power controls and other components; smart home solutions such as smart thermostats and a suite of home monitoring products.

See Also

Want to see what other hedge funds GNRC owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Generac Holdings Inc. (NYSE:GNRC – Free Report).

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