FFG Partners LLC Acquires Shares of 15,333 Generac Holdings Inc. $GNRC

Key Points

• FFG Partners LLC opened a new position in Generac Holdings during the first quarter, buying 15,333 shares worth about $3.0 million. The stake now makes up 1.2% of FFG Partners’ portfolio.
• Generac saw notable insider selling: CEO Aaron Jagdfeld sold 5,000 shares for about $1.36 million, and insider Norman P. Taffe sold 550 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans.
• The stock was up 6.0% to $295.79 and is trading near its 52-week high of $296.03. Generac also beat quarterly earnings expectations, reporting $1.80 EPS versus the $1.33 consensus estimate.

FFG Partners LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,333 shares of the technology company's stock, valued at approximately $2,995,000. Generac comprises 1.2% of FFG Partners LLC's portfolio, making the stock its 19th biggest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new stake in shares of Generac during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac during the third quarter worth approximately $26,000. IFP Advisors Inc raised its position in Generac by 33.8% during the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company's stock valued at $59,000 after purchasing an additional 110 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Generac during the fourth quarter valued at approximately $61,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of Generac in the 3rd quarter valued at approximately $67,000. 84.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Generac

In related news, insider Norman P. Taffe sold 550 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the transaction, the insider owned 16,108 shares in the company, valued at $4,385,564.08. The trade was a 3.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 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 directly owned 564,528 shares in the company, valued at $153,653,231.04. This represents 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. Insiders own 2.40% of the company's stock.

Generac Trading Up 6.0%

GNRC opened at $295.79 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average is $253.22 and its two-hundred day moving average is $207.25. The company has a market capitalization of $17.41 billion, a P/E ratio of 92.72, a PEG ratio of 2.61 and a beta of 1.93. Generac Holdings Inc. has a 52 week low of $126.72 and a 52 week high of $296.03.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the business earned $1.26 EPS. The business's revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts forecast that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on GNRC shares. Robert W. Baird set a $311.00 price target on Generac in a research report on Thursday, April 30th. Citigroup boosted their price objective on shares of Generac from $226.00 to $263.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Canaccord Genuity Group increased their target price on shares of Generac from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. UBS Group raised their target price on shares of Generac from $305.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday, June 11th. Finally, Roth Mkm reaffirmed a "neutral" rating and set a $257.00 price target on shares of Generac in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $278.65.

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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