Fourier Capital Management Ltd Purchases New Shares in Generac Holdings Inc. $GNRC

Fourier Capital Management Ltd purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,580 shares of the technology company’s stock, valued at approximately $1,927,000. Generac accounts for about 3.0% of Fourier Capital Management Ltd’s holdings, making the stock its 8th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Generac in the 2nd quarter valued at about $25,000. MUFG Securities EMEA plc purchased a new position in shares of Generac during the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac during the third quarter worth approximately $26,000. Avalon Trust Co bought a new stake in shares of Generac in the first quarter worth $32,000. Finally, Essential Partners LLC increased its stake in shares of Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GNRC. Argus upped their price target on shares of Generac from $255.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. UBS Group upped their target price on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Raymond James Financial set a $302.00 price target on shares of Generac in a research report on Friday, May 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of Generac in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $284.84.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider owned 10,746 shares in the company, valued at approximately $2,292,659.10. This trade represents a 5.17% 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. Over the last three months, insiders have sold 12,236 shares of company stock valued at $2,871,273. Company insiders own 2.40% of the company’s stock.

Generac Stock Performance

GNRC stock opened at $206.51 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The firm has a market cap of $12.19 billion, a P/E ratio of 47.58, a P/E/G ratio of 1.76 and a beta of 1.92. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The stock’s 50 day simple moving average is $233.63 and its 200 day simple moving average is $229.33.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the business posted $1.65 earnings per share. As a group, equities research analysts predict that Generac Holdings Inc. will post 9.78 EPS for the current 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.