Generac Holdings Inc. $GNRC is JCP Investment Management LLC’s 7th Largest Position

JCP Investment Management LLC raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 75.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,510 shares of the technology company’s stock after acquiring an additional 16,510 shares during the quarter. Generac makes up approximately 5.0% of JCP Investment Management LLC’s investment portfolio, making the stock its 7th largest position. JCP Investment Management LLC’s holdings in Generac were worth $7,522,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GNRC. Nicollet Investment Management Inc. grew its stake in shares of Generac by 0.7% during the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 50 shares during the period. Root Financial Partners LLC lifted its stake in shares of Generac by 32.9% in the 1st 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 during the period. Gen Wealth Partners Inc boosted its holdings in Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock worth $92,000 after buying an additional 54 shares in the last quarter. Meridian Financial Partners LLC boosted its holdings in Generac by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock worth $1,371,000 after buying an additional 61 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Generac by 2.7% during the third quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock valued at $460,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Up 0.1%

GNRC stock opened at $202.13 on Monday. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The business’s 50-day moving average is $256.28 and its 200 day moving average is $223.23. 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 $11.90 billion, a price-to-earnings ratio of 63.36, a PEG ratio of 1.89 and a beta of 1.89.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 earnings per share. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings cut shares of Generac from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Needham & Company LLC restated a “buy” rating on shares of Generac in a research note on Tuesday, June 2nd. Barclays upped their price target on Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, TD Cowen reiterated a “buy” rating on shares of Generac in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $286.44.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. The trade was a 0.88% 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 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 Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the transaction, the insider directly owned 15,808 shares of the company’s stock, valued at approximately $4,046,848. This represents a 3.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,100 shares of company stock valued at $1,651,443 over the last quarter. 2.40% of the stock is owned by company insiders.

Generac Company Profile

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.