Quantinno Capital Management LP Buys 4,613 Shares of Generac Holdings Inc. $GNRC

Quantinno Capital Management LP boosted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 19.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,774 shares of the technology company’s stock after acquiring an additional 4,613 shares during the quarter. Quantinno Capital Management LP’s holdings in Generac were worth $5,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new position in Generac in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac during the third quarter valued at approximately $26,000. Avalon Trust Co purchased a new stake in shares of Generac during the first quarter valued at approximately $32,000. GHP Investment Advisors Inc. bought a new position in shares of Generac in the first quarter worth approximately $36,000. Finally, Root Financial Partners LLC grew its holdings in shares of Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GNRC. JPMorgan Chase & Co. upped their price target on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Barclays cut their price target on shares of Generac from $285.00 to $278.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. UBS Group upped their price objective on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup increased their target price on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company boosted their price target on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $284.84.

Insider Transactions at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the transaction, the insider owned 15,508 shares in the company, valued at approximately $3,393,615.64. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing 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, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the transaction, the chief executive officer directly owned 554,528 shares of the company’s stock, valued at $108,071,961.92. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,650 shares of company stock valued at $2,746,250. 2.40% of the stock is owned by insiders.

Generac Stock Performance

NYSE:GNRC opened at $211.21 on Friday. The stock has a market cap of $12.46 billion, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The firm’s fifty day simple moving average is $245.49 and its 200 day simple moving average is $226.32. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business earned $1.65 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, research analysts predict that Generac Holdings Inc. will post 9.63 EPS for the current 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.