Fox Run Management L.L.C. Takes $1.38 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Key Points

• Fox Run Management L.L.C. has invested approximately $1.38 million in Generac Holdings Inc. by acquiring 10,893 shares during the first quarter.
• Generac has received upgraded ratings from various analysts, with target price adjustments ranging from $140 to $198, reflecting a positive outlook on the stock.
• The company reported $1.06 billion in revenue for the last quarter, exceeding analyst predictions, and also achieved an EPS of $1.65, which surpassed estimates by $0.32.

Fox Run Management L.L.C. purchased 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 disclosure with the SEC. The institutional investor purchased 10,893 shares of the technology company's stock, valued at approximately $1,380,000.

Several other large investors have also made changes to their positions in GNRC. Caitong International Asset Management Co. Ltd lifted its stake in Generac by 1,525.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after purchasing an additional 549 shares during the last quarter. Triglav Skladi D.O.O. acquired a new position in shares of Generac during the 1st quarter worth $443,000. Resona Asset Management Co. Ltd. lifted its position in shares of Generac by 14.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,361 shares of the technology company's stock worth $173,000 after buying an additional 177 shares during the last quarter. Rathbones Group PLC boosted its stake in Generac by 24.0% in the first quarter. Rathbones Group PLC now owns 25,332 shares of the technology company's stock valued at $3,208,000 after buying an additional 4,910 shares in the last quarter. Finally, Dillon & Associates Inc. boosted its stake in Generac by 10.7% in the first quarter. Dillon & Associates Inc. now owns 16,778 shares of the technology company's stock valued at $2,131,000 after buying an additional 1,615 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

GNRC has been the subject of several research analyst reports. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Tuesday, July 29th. UBS Group reiterated a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Roth Capital increased their price objective on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup raised shares of Generac from a "neutral" rating to a "mixed" rating in a research note on Friday, July 11th. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $170.06.

Generac Trading Down 0.2%

GNRC stock traded down $0.47 during trading on Friday, hitting $198.50. The company had a trading volume of 1,000,830 shares, compared to its average volume of 1,306,159. The stock has a market cap of $11.65 billion, a PE ratio of 32.97, a PEG ratio of 1.59 and a beta of 1.68. The business has a 50-day moving average of $156.45 and a 200-day moving average of $137.28. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.35 EPS. The company's quarterly revenue was up 6.3% on a year-over-year basis. Research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.