32,000 Generac Holdings Inc. $GNRC Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 1,002.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,191 shares of the technology company’s stock after purchasing an additional 32,000 shares during the quarter. Fulcrum Asset Management LLP owned 0.06% of Generac worth $7,468,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in Generac in the second quarter valued at $25,000. Avalon Trust Co acquired a new position in shares of Generac during the 1st quarter worth $32,000. Essential Partners LLC raised its stake in shares of Generac by 57.0% during the 1st 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. Continuum Advisory LLC acquired a new position in shares of Generac during the 2nd quarter worth $51,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of Generac in the 2nd quarter worth about $50,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GNRC. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. KeyCorp restated an “overweight” rating on shares of Generac in a research report on Monday, October 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Tuesday, November 3rd. Citigroup increased their price target on shares of Generac from $232.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. Finally, Wells Fargo & Company set a $280.00 price objective on shares of Generac in a research note on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $290.41.

Generac Stock Down 0.4%

Shares of NYSE:GNRC opened at $176.13 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The stock’s fifty day simple moving average is $197.79 and its 200-day simple moving average is $218.22. The company has a market capitalization of $10.39 billion, a P/E ratio of 34.88, a P/E/G ratio of 1.50 and a beta of 1.86.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.14. Generac had a return on equity of 18.78% and a net margin of 6.52%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $1.83 EPS. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts forecast that Generac Holdings Inc. will post 9.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, insider Kyle Raabe sold 603 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $212.57, for a total transaction of $128,179.71. Following the sale, the insider directly owned 9,966 shares of the company’s stock, valued at $2,118,472.62. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 400 shares of Generac stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $188.70, for a total transaction of $75,480.00. Following the sale, the insider owned 11,276 shares of the company’s stock, valued at approximately $2,127,781.20. 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 ninety days, insiders have sold 12,606 shares of company stock worth $2,491,310. Corporate insiders own 2.40% of the company’s stock.

Generac Profile

Generac Holdings Inc designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications.

The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.

Founded in 1959, Generac has expanded from its generator-manufacturing roots into a broader provider of backup power and energy management technologies.