Blue Chip Partners LLC Invests $113,000 in Generac Holdings Inc. (NYSE:GNRC)

Blue Chip Partners LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 877 shares of the technology company’s stock, valued at approximately $113,000.

Several other institutional investors have also modified their holdings of GNRC. Ariel Investments LLC lifted its holdings in Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after purchasing an additional 261,050 shares during the period. Invesco Ltd. lifted its holdings in Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after purchasing an additional 147,523 shares during the period. Impax Asset Management Group plc lifted its holdings in Generac by 3.3% in the third quarter. Impax Asset Management Group plc now owns 1,172,742 shares of the technology company’s stock worth $127,151,000 after purchasing an additional 37,846 shares during the period. Northern Trust Corp lifted its holdings in Generac by 9.0% in the third quarter. Northern Trust Corp now owns 673,384 shares of the technology company’s stock worth $73,372,000 after purchasing an additional 55,812 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Generac by 42.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 194,265 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total transaction of $576,100.00. Following the completion of the sale, the chief executive officer now owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

Generac Trading Up 0.7 %

NYSE:GNRC opened at $141.06 on Monday. The stock’s 50 day moving average price is $122.62 and its 200 day moving average price is $117.21. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market capitalization of $8.50 billion, a P/E ratio of 42.59, a P/E/G ratio of 1.85 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 EPS. On average, research analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. TD Cowen cut their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Roth Mkm upped their price target on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, Citigroup upped their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.65.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.