Aigen Investment Management LP Acquires Shares of 2,251 Generac Holdings Inc. (NYSE:GNRC)

Aigen Investment Management LP bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 2,251 shares of the technology company’s stock, valued at approximately $358,000.

A number of other large investors have also recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its holdings in Generac by 2.3% in the first quarter. Texas Permanent School Fund Corp now owns 12,690 shares of the technology company’s stock worth $1,601,000 after buying an additional 287 shares during the period. ProShare Advisors LLC boosted its position in shares of Generac by 17.3% during the first quarter. ProShare Advisors LLC now owns 11,069 shares of the technology company’s stock valued at $1,396,000 after purchasing an additional 1,635 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Generac in the first quarter worth $233,000. State Board of Administration of Florida Retirement System grew its stake in Generac by 16.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 75,317 shares of the technology company’s stock worth $9,500,000 after purchasing an additional 10,420 shares during the period. Finally, Kingsview Wealth Management LLC bought a new position in Generac in the first quarter worth $257,000. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GNRC. Scotiabank upped their target price on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Stifel Nicolaus restated a “buy” rating and issued a $175.00 price objective (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Stephens reiterated an “overweight” rating and set a $200.00 price objective on shares of Generac in a research note on Monday, August 5th. TD Cowen increased their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup upped their price target on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $169.10.

Generac Stock Down 2.5 %

Shares of NYSE:GNRC opened at $186.34 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The business’s 50 day moving average is $162.35 and its 200 day moving average is $151.13. The stock has a market cap of $11.09 billion, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $1.64 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,268 shares of company stock valued at $7,584,853. Corporate insiders own 2.90% of the company’s stock.

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.