Kelly Lawrence W & Associates Inc. CA Makes New $17.97 Million Investment in Generac Holdings Inc. $GNRC

Kelly Lawrence W & Associates Inc. CA purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61,376 shares of the technology company’s stock, valued at approximately $17,972,000. Generac comprises approximately 3.8% of Kelly Lawrence W & Associates Inc. CA’s holdings, making the stock its 6th largest position. Kelly Lawrence W & Associates Inc. CA owned 0.10% of Generac at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Generac in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Generac during the 3rd quarter worth about $26,000. Avalon Trust Co acquired a new stake in Generac during the 1st quarter worth about $32,000. Essential Partners LLC grew its stake in Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in Generac during the 2nd quarter valued at about $25,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GNRC shares. Zacks Research upgraded Generac from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 31st. Argus upped their target price on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $305.00 price target on shares of Generac in a report on Thursday, July 30th. Roth Capital set a $214.00 price target on shares of Generac in a research report on Thursday, July 30th. Finally, TD Cowen restated a “buy” rating on shares of Generac in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $284.84.

Generac Price Performance

Shares of NYSE GNRC opened at $203.66 on Tuesday. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 46.93, a PEG ratio of 1.75 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 firm’s 50 day simple moving average is $232.30 and its 200-day simple moving average is $229.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 9.78 EPS for the current year.

Insider Buying and Selling at Generac

In other news, insider Kyle Andrew Raabe sold 586 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the sale, the insider directly owned 10,746 shares of the company’s stock, valued at $2,292,659.10. This represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s 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 sale, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. 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 quarter, insiders sold 12,236 shares of company stock valued at $2,871,273. Corporate insiders own 2.40% of the company’s stock.

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.