First Bank & Trust Makes New $1.28 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

First Bank & Trust bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,124 shares of the technology company’s stock, valued at approximately $1,277,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors bought a new position in shares of Generac in the fourth quarter valued at approximately $155,707,000. Norges Bank bought a new position in Generac in the 4th quarter worth about $67,253,000. Wellington Management Group LLP raised its position in Generac by 432.9% in the 4th quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock worth $50,697,000 after buying an additional 318,664 shares during the last quarter. Ariel Investments LLC raised its position in Generac by 14.9% in the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after buying an additional 261,050 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Generac during the 4th quarter valued at about $17,956,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on GNRC shares. Roth Mkm upped their price target on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Tuesday. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $149.00 target price on shares of Generac in a report on Thursday, May 23rd. Finally, Canaccord Genuity Group boosted their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $141.67.

Insider Transactions at Generac

In other news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction 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 sale, the insider now owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Generac news, Director Nam Tran Nguyen sold 546 shares of the 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 transaction, the director now directly owns 3,512 shares of the company’s stock, valued at $493,611.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Patrick John Forsythe sold 65,855 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of 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 sold a total of 80,785 shares of company stock valued at $11,688,161 in the last three months. 2.80% of the stock is currently owned by corporate insiders.

Generac Stock Down 2.7 %

NYSE GNRC traded down $3.71 on Friday, hitting $132.22. 1,714,199 shares of the stock traded hands, compared to its average volume of 669,240. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $140.16 and a 200 day moving average of $128.09. The company has a market capitalization of $8.01 billion, a P/E ratio of 36.42, a price-to-earnings-growth 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.

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

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.