Callan Family Office LLC Purchases New Position in Generac Holdings Inc. $GNRC

Callan Family Office LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,357 shares of the technology company's stock, valued at approximately $3,033,000.

Other hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Generac during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Generac in the third quarter valued at $26,000. Avalon Trust Co purchased a new position in shares of Generac in the first quarter valued at $32,000. Essential Partners LLC raised its stake in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company's stock valued at $33,000 after purchasing an additional 61 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of Generac during the 2nd quarter valued at $25,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Price Performance

Generac stock opened at $206.51 on Friday. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44. The business has a 50-day simple moving average of $233.63 and a 200 day simple moving average of $229.33. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 1.75 and a beta of 1.92.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.01 by $0.90. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $1.65 EPS. The company's quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts forecast that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen raised Generac from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Raymond James Financial set a $302.00 price target on shares of Generac in a report on Friday, May 22nd. Cantor Fitzgerald raised their price objective on shares of Generac from $325.00 to $333.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Generac in a research note on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of Generac from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $284.84.

Insider Transactions at Generac

In other Generac news, insider Kyle Andrew Raabe sold 586 shares of Generac stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the sale, the insider directly owned 10,746 shares in the company, valued at $2,292,659.10. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the sale, the chief executive officer owned 564,528 shares of the company's stock, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 12,236 shares of company stock valued at $2,871,273. 2.40% of the stock is owned by corporate insiders.

Generac Company Profile

Generac Holdings Inc NYSE: GNRC is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac's product lineup addresses a broad range of customer needs.

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