Edmond DE Rothschild Holding S.A. Takes Position in Generac Holdings Inc. $GNRC

Key Points

• Edmond DE Rothschild Holding S.A. purchased 7,514 Generac shares in the second quarter, valued at approximately $2.2 million. Institutional investors and hedge funds collectively own 84.04% of the company.
• Generac reported quarterly EPS of $2.91, exceeding the $2.01 consensus estimate, while revenue rose 10.3% year over year to $1.17 billion, slightly below expectations.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $284.84. However, insiders sold 12,236 shares worth approximately $2.87 million during the last quarter.

Edmond DE Rothschild Holding S.A. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,514 shares of the technology company's stock, valued at approximately $2,200,000.

Other hedge funds have also added to or reduced their stakes in the company. Nicollet Investment Management Inc. grew its holdings in Generac by 0.7% in the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company's stock valued at $1,055,000 after buying an additional 50 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock worth $43,000 after buying an additional 54 shares in the last quarter. Gen Wealth Partners Inc boosted its position in shares of Generac by 8.7% in the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company's stock valued at $92,000 after acquiring an additional 54 shares during the period. Meridian Financial Partners LLC boosted its position in shares of Generac by 0.6% in the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company's stock valued at $1,371,000 after acquiring an additional 61 shares during the period. Finally, Essential Partners LLC grew its stake 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 acquiring an additional 61 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares of the company's stock, valued at approximately $3,393,615.64. This represents a 3.43% 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. In the last quarter, insiders have sold 12,236 shares of company stock worth $2,871,273. Insiders own 2.40% of the company's stock.

Generac Stock Performance

NYSE GNRC opened at $206.88 on Friday. The firm's 50 day simple moving average is $234.74 and its 200 day simple moving average is $229.49. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 47.67, a P/E/G ratio of 1.80 and a beta of 1.92. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The company's revenue was up 10.3% on a year-over-year basis. As a group, research analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GNRC shares. Barclays cut their price objective on shares of Generac from $285.00 to $278.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Stifel Nicolaus increased their price target on Generac from $275.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Roth Capital set a $214.00 price objective on Generac in a report on Thursday, July 30th. Wells Fargo & Company upped their target price on Generac from $238.00 to $280.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Finally, Stephens reissued an "overweight" rating and set a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and a consensus target price of $284.84.

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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