Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Thompson Investment Management Inc.

Thompson Investment Management Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,710 shares of the technology company’s stock after purchasing an additional 172 shares during the quarter. Thompson Investment Management Inc. owned 0.08% of Generac worth $6,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GNRC. ICA Group Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter valued at approximately $27,000. BKM Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter valued at approximately $28,000. ORG Partners LLC purchased a new stake in shares of Generac in the fourth quarter valued at approximately $38,000. Quarry LP grew its position in shares of Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock valued at $38,000 after purchasing an additional 202 shares in the last quarter. Finally, Operose Advisors LLC purchased a new stake in shares of Generac in the third quarter valued at approximately $40,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Roth Mkm increased their price objective on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Tuesday. Janney Montgomery Scott cut Generac from a “buy” rating to a “neutral” rating and raised their price target for the company from $126.00 to $154.00 in a research note on Thursday, June 13th. Oppenheimer lowered Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Finally, Canaccord Genuity Group raised their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.67.

Insider Buying and Selling

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the transaction, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the transaction, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $140.55, for a total value of $76,740.30. Following the sale, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,785 shares of company stock worth $11,688,161. Insiders own 2.80% of the company’s stock.

Generac Trading Down 1.7 %

Shares of NYSE:GNRC traded down $2.38 during mid-day trading on Wednesday, hitting $133.81. The company had a trading volume of 452,025 shares, compared to its average volume of 1,008,373. The firm has a fifty day moving average price of $140.07 and a 200 day moving average price of $127.92. The company has a market capitalization of $8.11 billion, a PE ratio of 36.87, a price-to-earnings-growth ratio of 1.85 and a beta of 1.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same period in the previous year, the firm earned $0.63 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts forecast that Generac Holdings Inc. will post 6.15 EPS for the current year.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.