Generac Holdings Inc. $GNRC Position Increased by Paradice Investment Management LLC

Key Points

• Paradice Investment Management increased its stake in Generac by 16.9% to 211,861 shares (worth about $28.9M), making Generac 5.6% of Paradice’s portfolio; overall institutional ownership of the stock is about 84.04%.
• Generac missed the latest quarter: reported EPS of $1.61 vs. $1.81 expected and revenue of $1.09B vs. $1.16B expected, with revenue down 11.6% year-over-year.
• The CFO sold 24,362 shares (≈$5.74M), while analysts hold a consensus "Moderate Buy" rating with an average target price of $233.94.

Paradice Investment Management LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 211,861 shares of the technology company's stock after acquiring an additional 30,578 shares during the quarter. Generac makes up 5.6% of Paradice Investment Management LLC's portfolio, making the stock its 8th biggest position. Paradice Investment Management LLC owned 0.36% of Generac worth $28,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its holdings in Generac by 2.1% during the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company's stock worth $313,619,000 after purchasing an additional 45,592 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Generac by 17.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company's stock valued at $355,530,000 after buying an additional 324,809 shares during the last quarter. Boston Partners grew its position in shares of Generac by 7.1% during the third quarter. Boston Partners now owns 1,947,332 shares of the technology company's stock worth $326,003,000 after buying an additional 128,439 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Generac by 20.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company's stock worth $184,870,000 after buying an additional 189,457 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company's stock worth $130,825,000 after buying an additional 536,732 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC opened at $218.62 on Friday. The stock has a market capitalization of $12.83 billion, a PE ratio of 81.58, a price-to-earnings-growth ratio of 2.11 and a beta of 1.78. The business's fifty day moving average price is $210.85 and its 200 day moving average price is $179.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. Generac Holdings Inc. has a 12-month low of $109.20 and a 12-month high of $241.09.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 EPS. Equities research analysts forecast that Generac Holdings Inc. will post 8.42 EPS for the current year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the business's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares of the company's stock, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GNRC. Bank of America cut their price target on shares of Generac from $260.00 to $248.00 and set a "buy" rating on the stock in a report on Thursday, March 26th. Canaccord Genuity Group boosted their target price on shares of Generac from $275.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, April 1st. Roth Mkm restated a "neutral" rating and issued a $220.00 target price on shares of Generac in a research note on Thursday, February 12th. Barclays increased their price target on shares of Generac from $213.00 to $228.00 and gave the stock an "equal weight" rating in a research report on Friday, March 27th. Finally, Citigroup decreased their price target on Generac from $237.00 to $226.00 and set a "neutral" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $233.94.

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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