Stephens Investment Management Group LLC Acquires 56,427 Shares of Generac Holdings Inc. $GNRC

Stephens Investment Management Group LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,854 shares of the technology company’s stock after acquiring an additional 56,427 shares during the period. Stephens Investment Management Group LLC owned about 0.50% of Generac worth $48,689,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Generac by 2.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock worth $51,728,000 after acquiring an additional 10,325 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Generac in the second quarter valued at about $217,000. Rothschild Investment LLC lifted its position in shares of Generac by 95.9% during the second quarter. Rothschild Investment LLC now owns 6,405 shares of the technology company’s stock valued at $917,000 after purchasing an additional 3,135 shares in the last quarter. Lonestar Capital Management LLC purchased a new position in Generac during the second quarter worth about $4,296,000. Finally, Charles Schwab Investment Management Inc. grew its position in Generac by 1.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 586,290 shares of the technology company’s stock worth $83,963,000 after purchasing an additional 8,368 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Generac stock opened at $160.99 on Friday. The firm has a market capitalization of $9.45 billion, a P/E ratio of 30.66, a PEG ratio of 1.32 and a beta of 1.82. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The business has a fifty day moving average price of $150.25 and a 200-day moving average price of $166.53.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the company posted $2.25 EPS. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GNRC. Bank of America cut their target price on Generac from $236.00 to $224.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Roth Capital set a $184.00 price objective on Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Canaccord Genuity Group decreased their target price on Generac from $240.00 to $236.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Wells Fargo & Company set a $195.00 price target on shares of Generac in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $195.94.

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.