De Lisle Partners LLP Purchases New Stake in Generac Holdings Inc. $GNRC

De Lisle Partners LLP acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 17,000 shares of the technology company’s stock, valued at approximately $4,974,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. NewEdge Advisors LLC raised its holdings in shares of Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after acquiring an additional 142 shares during the period. Woodline Partners LP increased its position in Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,463 shares during the last quarter. First Trust Advisors LP raised its stake in Generac by 27.6% during the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after purchasing an additional 21,908 shares during the period. Cerity Partners LLC boosted its holdings in Generac by 1.6% in the 2nd quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock valued at $7,239,000 after purchasing an additional 816 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Generac by 8.6% in the 2nd quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after purchasing an additional 8,213 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Cantor Fitzgerald increased their price objective on Generac from $325.00 to $333.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus raised their target price on Generac from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $284.84.

Generac Trading Down 0.1%

Shares of GNRC stock opened at $206.51 on Friday. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The firm has a market cap of $12.19 billion, a PE ratio of 47.58, a price-to-earnings-growth ratio of 1.75 and a beta of 1.92. The company has a 50-day moving average of $233.63 and a two-hundred day moving average of $229.33. 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 released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $1.65 EPS. The business’s revenue was up 10.3% on a year-over-year basis. On average, analysts predict that Generac Holdings Inc. will post 9.78 EPS for the current year.

Insider Activity at Generac

In other Generac news, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $213.35, for a total value of $125,023.10. Following the sale, the insider owned 10,746 shares of the company’s stock, valued at $2,292,659.10. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the transaction, the insider owned 15,508 shares in the company, valued at $3,393,615.64. This trade represents a 3.43% 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. In the last quarter, insiders sold 12,236 shares of company stock worth $2,871,273. Insiders own 2.40% of the company’s stock.

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.