Generac Holdings Inc. $GNRC Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 10,475.8% during the first quarter, Holdings Channel.com reports. The fund owned 3,490 shares of the technology company’s stock after acquiring an additional 3,457 shares during the period. Meeder Asset Management Inc.’s holdings in Generac were worth $682,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Nicollet Investment Management Inc. boosted its position in shares of Generac by 0.7% during the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock worth $1,055,000 after purchasing an additional 50 shares during the period. Root Financial Partners LLC increased its holdings in Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the last quarter. Gen Wealth Partners Inc raised its position in Generac by 8.7% in the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after purchasing an additional 54 shares during the period. Meridian Financial Partners LLC raised its position in Generac by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after purchasing an additional 61 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Generac by 2.7% during the third quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock worth $460,000 after purchasing an additional 73 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. TD Cowen restated a “buy” rating on shares of Generac in a research report on Monday. Canaccord Genuity Group boosted their price objective on Generac from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays increased their target price on Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Stephens restated an “overweight” rating and set a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Finally, Zacks Research downgraded Generac from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.18.

Insider Buying and Selling at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $256.00, for a total value of $140,800.00. Following the sale, the insider owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the transaction, the chief executive officer owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was 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. Insiders have sold a total of 6,100 shares of company stock valued at $1,651,443 over the last three months. 2.40% of the stock is currently owned by insiders.

Generac Stock Performance

Shares of GNRC stock opened at $213.29 on Tuesday. The firm has a 50 day moving average of $260.99 and a two-hundred day moving average of $221.26. The stock has a market capitalization of $12.56 billion, a PE ratio of 66.86, a P/E/G ratio of 2.01 and a beta of 1.89. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44.

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 analysts’ consensus estimates of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. On average, research analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

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.