Galibier Capital Management Ltd. Acquires 16,500 Shares of Generac Holdings Inc. (NYSE:GNRC)

Galibier Capital Management Ltd. increased its position in Generac Holdings Inc. (NYSE:GNRC) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,863 shares of the technology company’s stock after acquiring an additional 16,500 shares during the quarter. Generac comprises about 1.7% of Galibier Capital Management Ltd.’s investment portfolio, making the stock its 17th biggest position. Galibier Capital Management Ltd. owned about 0.09% of Generac worth $6,920,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Independence Bank of Kentucky raised its holdings in Generac by 12,400.0% in the 1st quarter. Independence Bank of Kentucky now owns 3,125 shares of the technology company’s stock worth $394,000 after acquiring an additional 3,100 shares during the period. Asio Capital LLC grew its position in Generac by 4.9% in the 1st quarter. Asio Capital LLC now owns 19,967 shares of the technology company’s stock worth $2,519,000 after purchasing an additional 926 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Generac in the 1st quarter worth $2,082,000. AHL Investment Management Inc. grew its position in Generac by 2.3% in the 1st quarter. AHL Investment Management Inc. now owns 6,125 shares of the technology company’s stock worth $773,000 after purchasing an additional 135 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its position in Generac by 0.3% in the 1st quarter. Thompson Investment Management Inc. now owns 50,710 shares of the technology company’s stock worth $6,397,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Roth Mkm lifted their target price on shares of Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Oppenheimer lowered Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Canaccord Genuity Group increased their price objective on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Canaccord Genuity Group boosted their target price on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $141.67.

Insider Transactions at Generac

In other Generac news, Director Nam Tran Nguyen sold 546 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now directly owns 3,512 shares of the company’s stock, valued at $493,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Generac news, Director Nam Tran Nguyen sold 546 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now directly owns 3,512 shares of the company’s stock, valued at $493,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the sale, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The disclosure for this sale can be found here. Insiders have sold a total of 80,785 shares of company stock valued at $11,688,161 over the last 90 days. 2.80% of the stock is owned by corporate insiders.

Generac Stock Down 2.7 %

Shares of Generac stock traded down $3.71 on Friday, hitting $132.22. The company had a trading volume of 1,714,199 shares, compared to its average volume of 669,240. The firm has a market capitalization of $8.01 billion, a P/E ratio of 36.42, a P/E/G ratio of 1.84 and a beta of 1.44. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The stock has a 50-day moving average of $140.16 and a 200-day moving average of $128.09.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. Research analysts predict that Generac Holdings Inc. will post 6.15 earnings per share 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.