Blair William & Co. IL Buys 103,439 Shares of Generac Holdings Inc. (NYSE:GNRC)

Blair William & Co. IL lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 29.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 457,475 shares of the technology company’s stock after acquiring an additional 103,439 shares during the quarter. Blair William & Co. IL owned approximately 0.75% of Generac worth $60,487,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in Generac in the 4th quarter worth approximately $27,000. EntryPoint Capital LLC lifted its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares in the last quarter. Quarry LP lifted its holdings in Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares in the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in Generac in the 2nd quarter worth approximately $38,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 0.4 %

NYSE:GNRC opened at $143.14 on Thursday. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $169.57. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $149.61 and a 200-day simple moving average of $139.29.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million during the quarter, compared to analyst estimates of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Analysts anticipate that Generac Holdings Inc. will post 6.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird boosted their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Roth Mkm upped their price objective on Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Oppenheimer cut Generac from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Finally, Canaccord Genuity Group upped their price objective on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $154.71.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $133.39, for a total value of $666,950.00. Following the transaction, the chief executive officer now directly owns 577,177 shares in the company, valued at approximately $76,989,640.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Generac 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.