LRT Capital Management LLC Boosts Position in Generac Holdings Inc. $GNRC

LRT Capital Management LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 26.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the technology company’s stock after buying an additional 2,310 shares during the quarter. LRT Capital Management LLC’s holdings in Generac were worth $1,527,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Generac during the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Generac during the 3rd quarter valued at approximately $26,000. IFP Advisors Inc increased its holdings in shares of Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock valued at $59,000 after purchasing an additional 110 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Generac during the 4th quarter valued at approximately $61,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Generac during the 3rd quarter valued at approximately $67,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction on Friday, June 5th. The shares were sold at an average price of $272.26, for a total value of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their position. The transaction was disclosed in a legal filing 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, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, June 1st. The shares were 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 $153,653,231.04. This represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by company insiders.

Generac Price Performance

Generac stock opened at $262.13 on Friday. The company’s fifty day moving average price is $243.76 and its 200 day moving average price is $201.53. Generac Holdings Inc. has a 1 year low of $123.66 and a 1 year high of $294.18. The stock has a market capitalization of $15.43 billion, a P/E ratio of 82.17, a P/E/G ratio of 2.45 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Robert W. Baird set a $311.00 target price on shares of Generac in a report on Thursday, April 30th. Raymond James Financial set a $302.00 target price on shares of Generac in a report on Friday, May 22nd. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Bank of America cut their target price on shares of Generac from $260.00 to $248.00 and set a “buy” rating for the company in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $278.65.

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.