Generac Holdings Inc. $GNRC Shares Acquired by Kirr Marbach & Co. LLC IN

Kirr Marbach & Co. LLC IN lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,926 shares of the technology company’s stock after purchasing an additional 3,684 shares during the quarter. Generac comprises approximately 2.1% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 21st biggest position. Kirr Marbach & Co. LLC IN’s holdings in Generac were worth $11,315,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hendley & Co. Inc. purchased a new position in Generac during the 1st quarter worth $1,961,000. AGP Franklin LLC acquired a new position in shares of Generac during the first quarter worth about $2,164,000. Hanson & Doremus Investment Management raised its holdings in Generac by 10.3% during the first quarter. Hanson & Doremus Investment Management now owns 4,062 shares of the technology company’s stock worth $793,000 after purchasing an additional 379 shares in the last quarter. Values First Advisors Inc. purchased a new position in Generac during the first quarter worth about $424,000. Finally, Greenbush Financial Group LLC lifted its position in Generac by 4.0% in the first quarter. Greenbush Financial Group LLC now owns 8,658 shares of the technology company’s stock valued at $1,691,000 after purchasing an additional 329 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the sale, the chief executive officer owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the transaction, the insider directly owned 16,108 shares of the company’s stock, valued at $4,385,564.08. This trade represents a 3.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on GNRC shares. JPMorgan Chase & Co. boosted their target price on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Bank of America reduced their price target on Generac from $260.00 to $248.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Stephens restated an “overweight” rating and issued a $290.00 price target on shares of Generac in a research note on Thursday, May 21st. Barclays increased their price objective on Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. Finally, Stifel Nicolaus set a $275.00 target price on Generac in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.65.

Generac Price Performance

GNRC stock opened at $274.57 on Wednesday. The firm has a 50 day moving average of $254.57 and a 200-day moving average of $208.06. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 86.07, a PEG ratio of 2.77 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 12-month low of $132.91 and a 12-month high of $296.03.

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

About Generac

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.