BOK Financial Private Wealth Inc. Acquires New Stake in Generac Holdings Inc. $GNRC

BOK Financial Private Wealth Inc. acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,125 shares of the technology company’s stock, valued at approximately $699,000.

Several other hedge funds have also recently added to or reduced their stakes in GNRC. Massachusetts Financial Services Co. MA boosted its stake in shares of Generac by 127.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after buying an additional 536,732 shares during the period. Robeco Schweiz AG purchased a new stake in shares of Generac in the fourth quarter valued at approximately $51,020,000. Victory Capital Management Inc. boosted its position in Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after purchasing an additional 324,809 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of Generac by 346.6% in the second quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock worth $51,072,000 after acquiring an additional 276,775 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new position in Generac in the second quarter valued at $38,079,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 24,362 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.

Generac Price Performance

Shares of NYSE:GNRC opened at $247.91 on Friday. Generac Holdings Inc. has a fifty-two week low of $118.09 and a fifty-two week high of $276.80. The business has a 50-day moving average of $221.62 and a two-hundred day moving average of $188.65. The stock has a market capitalization of $14.59 billion, a P/E ratio of 77.72, a P/E/G ratio of 2.29 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, equities research analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the subject of several analyst reports. Stifel Nicolaus set a $275.00 target price on Generac in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Generac in a research note on Tuesday. Roth Mkm restated a “neutral” rating and issued a $257.00 target price on shares of Generac in a report on Thursday, April 30th. Jefferies Financial Group began coverage on Generac in a report on Friday, March 20th. They set a “hold” rating and a $222.00 price target on the stock. Finally, Argus lifted their price target on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $270.31.

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.