Delta Financial Advisors LLC Grows Holdings in Generac Holdings Inc. (NYSE:GNRC)

Delta Financial Advisors LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 53.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,465 shares of the technology company’s stock after buying an additional 1,200 shares during the quarter. Delta Financial Advisors LLC’s holdings in Generac were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Generac during the 4th quarter valued at approximately $59,121,000. Macquarie Group Ltd. lifted its position in Generac by 61.8% in the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock worth $134,395,000 after buying an additional 475,104 shares during the last quarter. AQR Capital Management LLC bought a new stake in Generac in the fourth quarter worth $30,537,000. Mackenzie Financial Corp lifted its position in Generac by 13,944.2% in the third quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares during the last quarter. Finally, Morgan Stanley lifted its position in Generac by 32.6% in the fourth quarter. Morgan Stanley now owns 1,184,771 shares of the technology company’s stock worth $119,259,000 after buying an additional 291,522 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Up 3.0 %

Shares of Generac stock traded up $3.85 during trading on Thursday, hitting $134.10. 576,342 shares of the stock traded hands, compared to its average volume of 1,012,726. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The stock’s fifty day simple moving average is $120.92 and its 200 day simple moving average is $115.54. The firm has a market cap of $8.08 billion, a P/E ratio of 40.95, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. Generac’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. On average, equities analysts predict that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Citigroup raised their price target on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. UBS Group lowered their price target on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. TD Cowen lowered their price target on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Finally, Robert W. Baird increased their target price on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $140.80.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

About Generac

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