Lecap Asset Management Ltd. Has $2.52 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Lecap Asset Management Ltd. raised its position in Generac Holdings Inc. (NYSE:GNRC) by 84.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,885 shares of the technology company’s stock after buying an additional 7,286 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Generac were worth $2,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Jade Capital Advisors LLC increased its stake in Generac by 13.3% in the third quarter. Jade Capital Advisors LLC now owns 17,000 shares of the technology company’s stock valued at $2,701,000 after acquiring an additional 2,000 shares during the last quarter. Venture Visionary Partners LLC increased its stake in shares of Generac by 38.1% in the 3rd quarter. Venture Visionary Partners LLC now owns 11,363 shares of the technology company’s stock valued at $1,805,000 after purchasing an additional 3,135 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Generac by 29.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 2,492 shares of the technology company’s stock worth $396,000 after buying an additional 573 shares in the last quarter. AA Financial Advisors LLC bought a new stake in shares of Generac during the 3rd quarter worth $485,000. Finally, Raymond James & Associates boosted its stake in Generac by 3.6% in the third quarter. Raymond James & Associates now owns 184,467 shares of the technology company’s stock valued at $29,308,000 after buying an additional 6,375 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on GNRC. Scotiabank boosted their target price on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Truist Financial upped their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Northland Securities upped their price target on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Robert W. Baird raised their price objective on Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $165.40.

Generac Stock Up 0.5 %

Shares of NYSE GNRC opened at $167.44 on Wednesday. The company’s 50 day moving average price is $154.84 and its 200-day moving average price is $146.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $176.14. The company has a market capitalization of $10.15 billion, a P/E ratio of 46.13, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. Generac’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts forecast that Generac Holdings Inc. will post 6.47 earnings per share for the current year.

About Generac

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.