52,703 Shares in Generac Holdings Inc. $GNRC Bought by Man Group plc

Man Group plc acquired a new position in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 52,703 shares of the technology company’s stock, valued at approximately $15,432,000. Man Group plc owned approximately 0.09% of Generac at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Generac in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Generac during the 3rd quarter valued at about $26,000. Avalon Trust Co bought a new stake in Generac during the first quarter worth about $32,000. Essential Partners LLC boosted its stake in Generac by 57.0% during the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after acquiring an additional 61 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Generac in the second quarter worth about $25,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the sale, the chief executive officer directly owned 554,528 shares in the company, valued at approximately $108,071,961.92. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the sale, the insider directly owned 15,508 shares of the company’s stock, valued at approximately $3,393,615.64. The trade was a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 12,236 shares of company stock worth $2,871,273. Insiders own 2.40% of the company’s stock.

Generac Trading Down 3.9%

Shares of NYSE GNRC opened at $198.52 on Friday. The firm’s 50 day moving average price is $228.20 and its 200-day moving average price is $230.48. The company has a market cap of $11.71 billion, a PE ratio of 45.74, a P/E/G ratio of 1.76 and a beta of 1.92. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Generac Holdings Inc. will post 9.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GNRC. Argus boosted their price target on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup raised their price objective on Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Cantor Fitzgerald boosted their target price on Generac from $325.00 to $333.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $284.84.

Generac 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.