Generac Holdings Inc. (NYSE:GNRC) Holdings Raised by Compass Wealth Management LLC

Compass Wealth Management LLC grew its position in Generac Holdings Inc. (NYSE:GNRC) by 58.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,315 shares of the technology company’s stock after acquiring an additional 850 shares during the quarter. Compass Wealth Management LLC’s holdings in Generac were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in GNRC. ICA Group Wealth Management LLC acquired a new position in Generac during the 4th quarter valued at approximately $27,000. BKM Wealth Management LLC acquired a new position in Generac during the 4th quarter worth $28,000. ORG Partners LLC acquired a new position in Generac during the 4th quarter worth $38,000. Quarry LP boosted its position in Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its position in Generac by 89.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after acquiring an additional 147 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Generac from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $149.00 price objective on shares of Generac in a research note on Thursday, May 23rd. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Guggenheim downgraded Generac from a “neutral” rating to a “sell” rating and set a $120.00 price objective on the stock. in a research note on Thursday, May 30th. Finally, Oppenheimer downgraded Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Generac currently has an average rating of “Hold” and an average target price of $141.67.

Insider Buying and Selling at Generac

In other Generac news, insider Patrick John Forsythe sold 65,855 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the transaction, the insider now owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the transaction, the insider now directly owns 19,815 shares of the company’s stock, valued at $2,889,027. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock valued at $11,688,161 in the last quarter. Corporate insiders own 2.80% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $138.88 on Thursday. The business has a 50 day moving average price of $139.60 and a 200 day moving average price of $127.45. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 1.89 and a beta of 1.44. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. The firm had revenue of $889.27 million during the quarter, compared to analysts’ expectations of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. Research analysts predict that Generac Holdings Inc. will post 6.14 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.