Generac Holdings Inc. $GNRC Stock Bought by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management increased its Generac stake by 8,166.5% in the third quarter, adding 591,986 shares to hold 599,235 shares worth about $124 million.
• Generac reported quarterly earnings of $2.54 per share, above the $2.40 consensus, while revenue of $1.29 billion came in below expectations of $1.32 billion; revenue rose 16.2% year over year.
• Analysts hold a consensus “Moderate Buy” rating, with an average price target of $289.82; shares traded at $190.68 in Friday’s session.

Mawer Investment Management Ltd. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8,166.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 599,235 shares of the technology company's stock after purchasing an additional 591,986 shares during the quarter. Generac makes up 0.9% of Mawer Investment Management Ltd.'s holdings, making the stock its 29th largest position. Mawer Investment Management Ltd. owned about 1.02% of Generac worth $124,012,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GNRC. Callan Family Office LLC acquired a new position in Generac during the second quarter worth $3,033,000. CenterBook Partners LP lifted its holdings in Generac by 230.1% during the third quarter. CenterBook Partners LP now owns 23,203 shares of the technology company's stock valued at $4,802,000 after purchasing an additional 16,174 shares in the last quarter. Tidal Investments LLC grew its position in shares of Generac by 94.3% in the second quarter. Tidal Investments LLC now owns 55,302 shares of the technology company's stock valued at $16,193,000 after purchasing an additional 26,836 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of Generac in the first quarter valued at about $1,267,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Generac in the third quarter valued at about $3,935,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

GNRC traded down $2.20 during trading on Friday, reaching $190.68. The company's stock had a trading volume of 751,462 shares, compared to its average volume of 1,293,924. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $198.46 and a two-hundred day simple moving average of $218.67. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The company has a market cap of $11.25 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 1.63 and a beta of 1.86.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.14. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.32 billion. Generac had a return on equity of 18.78% and a net margin of 6.52%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. As a group, analysts anticipate that Generac Holdings Inc. will post 9.84 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Generac from $283.00 to $288.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Zacks Research cut Generac from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th. Raymond James Financial set a $279.00 price objective on Generac in a report on Thursday, October 29th. Stifel Nicolaus boosted their price objective on Generac from $290.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, October 29th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Generac in a report on Thursday, October 29th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $289.82.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total transaction of $911,050.00. Following the transaction, the chief executive officer owned 549,528 shares of the company's stock, valued at approximately $100,129,496.88. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the business's stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total value of $128,179.71. Following the transaction, the insider directly owned 9,966 shares in the company, valued at $2,118,472.62. This trade represents a 5.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 12,606 shares of company stock worth $2,491,310. 2.40% of the stock is owned by corporate insiders.

Generac Company Profile

Generac Holdings Inc. designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications. The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.

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