21,350 Shares in Generac Holdings Inc. (NYSE:GNRC) Acquired by Laurus Global Equity Management Inc.

Laurus Global Equity Management Inc. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 21,350 shares of the technology company's stock, valued at approximately $2,704,000. Generac comprises about 1.8% of Laurus Global Equity Management Inc.'s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Atria Investments Inc boosted its stake in Generac by 19.1% in the 4th quarter. Atria Investments Inc now owns 2,828 shares of the technology company's stock valued at $438,000 after purchasing an additional 453 shares during the period. Proficio Capital Partners LLC bought a new stake in Generac in the 4th quarter valued at $4,568,000. PNC Financial Services Group Inc. boosted its stake in Generac by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,242 shares of the technology company's stock valued at $2,208,000 after purchasing an additional 357 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Generac by 9.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,461 shares of the technology company's stock valued at $3,017,000 after purchasing an additional 1,657 shares during the period. Finally, PFG Advisors bought a new stake in Generac in the 4th quarter valued at $391,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on GNRC shares. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Stifel Nicolaus cut their target price on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 target price for the company. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and cut their target price for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. Finally, Stephens reiterated an "overweight" rating and set a $175.00 target price on shares of Generac in a research report on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Generac Price Performance

Shares of GNRC opened at $150.66 on Friday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The business has a 50-day simple moving average of $131.40 and a two-hundred day simple moving average of $134.50. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.90 billion, a PE ratio of 26.25, a PEG ratio of 1.37 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The business had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% 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.

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