Leonteq Securities AG Buys Shares of 6,955 Generac Holdings Inc. $GNRC

Leonteq Securities AG bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,955 shares of the technology company’s stock, valued at approximately $948,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GNRC. Massachusetts Financial Services Co. MA grew its stake in shares of Generac by 127.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after purchasing an additional 536,732 shares during the last quarter. Robeco Schweiz AG purchased a new position in shares of Generac in the 4th quarter valued at approximately $51,020,000. Victory Capital Management Inc. grew its stake in shares of Generac by 17.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Holocene Advisors LP grew its stake in shares of Generac by 346.6% in the 2nd quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock valued at $51,072,000 after purchasing an additional 276,775 shares during the last quarter. Finally, Merewether Investment Management LP purchased a new position in shares of Generac in the 2nd quarter valued at approximately $38,079,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 1.1%

Generac stock opened at $247.91 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. Generac Holdings Inc. has a 1-year low of $118.09 and a 1-year high of $276.80. The company has a market cap of $14.59 billion, a PE ratio of 77.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.93. The stock’s 50 day moving average price is $221.62 and its 200 day moving average price is $188.65.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on GNRC shares. Wells Fargo & Company lifted their target price on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $277.00 price target on shares of Generac in a research note on Thursday, March 26th. Robert W. Baird set a $311.00 price target on Generac in a research note on Thursday, April 30th. Finally, Stephens restated an “overweight” rating and issued a $290.00 price target on shares of Generac in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $270.31.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.