Corient Private Wealth LP Takes Position in Generac Holdings Inc. $GNRC

Corient Private Wealth LP purchased a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,591 shares of the technology company's stock, valued at approximately $5,444,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on GNRC shares. Zacks Research upgraded shares of Generac from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 31st. Roth Capital set a $214.00 price objective on shares of Generac in a report on Thursday, July 30th. Wall Street Zen raised shares of Generac from a "hold" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Stephens restated an "overweight" rating and set a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Finally, Weiss Ratings upgraded Generac from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $284.84.

Insider Buying and Selling at Generac

In other news, insider Norman P. Taffe sold 550 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the sale, the insider owned 15,508 shares in the company, valued at $3,393,615.64. This trade represents a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the insider directly owned 10,746 shares in the company, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,236 shares of company stock worth $1,510,373 in the last ninety days. 2.40% of the stock is owned by insiders.

Generac Trading Up 1.2%

Shares of GNRC stock opened at $185.97 on Tuesday. The company's 50-day moving average price is $224.10 and its 200-day moving average price is $230.49. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 42.85, a PEG ratio of 1.57 and a beta of 1.92. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. Generac's quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts predict that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Generac 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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