Edmond DE Rothschild Holding S.A. Makes New Investment in Generac Holdings Inc. $GNRC

Edmond DE Rothschild Holding S.A. purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, Holdings Channel reports. The firm purchased 7,514 shares of the technology company’s stock, valued at approximately $2,200,000.

A number of other large investors also recently modified their holdings of GNRC. Hsbc Holdings PLC boosted its stake in shares of Generac by 42.8% during the fourth quarter. Hsbc Holdings PLC now owns 93,080 shares of the technology company’s stock valued at $12,711,000 after purchasing an additional 27,893 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in Generac during the 1st quarter worth approximately $3,797,000. Needham Investment Management LLC grew its holdings in Generac by 213.6% during the 4th quarter. Needham Investment Management LLC now owns 34,500 shares of the technology company’s stock worth $4,705,000 after acquiring an additional 23,500 shares during the last quarter. Paradice Investment Management LLC raised its stake in shares of Generac by 16.9% during the fourth quarter. Paradice Investment Management LLC now owns 211,861 shares of the technology company’s stock valued at $28,891,000 after acquiring an additional 30,578 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. bought a new position in shares of Generac during the fourth quarter valued at $699,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 1.9%

Shares of Generac stock opened at $206.88 on Friday. The stock’s 50-day moving average is $234.74 and its 200 day moving average is $229.49. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.80 and a beta of 1.92. 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 announced its quarterly earnings results 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 business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 earnings per share. Equities research analysts anticipate that Generac Holdings Inc. will post 9.78 EPS for the current year.

Insider Buying and Selling

In other Generac news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, the chief executive officer directly 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,236 shares of company stock worth $2,871,273 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on GNRC shares. Citigroup boosted their price objective on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, July 2nd. Raymond James Financial set a $302.00 price target on Generac in a research report on Friday, May 22nd. Stephens restated an “overweight” rating and set a $290.00 price objective on shares of Generac in a research report on Thursday, May 21st. Wells Fargo & Company lifted their price objective on Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC increased their target price on shares of Generac from $282.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Two equities 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $284.84.

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.