Paradice Investment Management LLC Raises Holdings in Generac Holdings Inc. $GNRC

Paradice Investment Management LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 27.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,283 shares of the technology company’s stock after buying an additional 38,945 shares during the period. Generac comprises about 6.8% of Paradice Investment Management LLC’s investment portfolio, making the stock its 5th largest holding. Paradice Investment Management LLC’s holdings in Generac were worth $30,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York Life Investment Management LLC lifted its stake in Generac by 0.7% in the 2nd 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 in the last quarter. Beacon Investment Advisors LLC raised its holdings in shares of Generac by 0.3% in the second quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock valued at $3,735,000 after purchasing an additional 70 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its position in shares of Generac by 2.7% in the second quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company’s stock worth $410,000 after purchasing an additional 75 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in Generac by 4.1% in the second quarter. Fiduciary Alliance LLC now owns 2,259 shares of the technology company’s stock valued at $324,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a research report on Monday, December 8th. UBS Group dropped their target price on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Barclays raised their price target on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Citigroup dropped their price objective on Generac from $217.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Needham & Company LLC began coverage on Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $192.11.

Generac Price Performance

NYSE:GNRC opened at $138.41 on Tuesday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 1.39 and a beta of 1.82. The stock’s 50 day moving average price is $157.34 and its two-hundred day moving average price is $165.39. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51.

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 business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by corporate 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.