Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Dillon & Associates Inc.

Key Points

• Dillon & Associates Inc. increased its stake in Generac Holdings by 10.7% during the first quarter, now holding 16,778 shares valued at $2.13 million.
• CEO Aaron Jagdfeld sold 5,000 shares for $712,000, reducing his ownership slightly but still retaining approximately 562,966 shares valued at over $80 million.
• Institutional investors own 84.04% of Generac Holdings, indicating significant institutional interest in the company.

Dillon & Associates Inc. boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 10.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,778 shares of the technology company's stock after acquiring an additional 1,615 shares during the period. Dillon & Associates Inc.'s holdings in Generac were worth $2,131,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Generac by 0.8% during the 4th quarter. Legal & General Group Plc now owns 89,342 shares of the technology company's stock worth $13,852,000 after purchasing an additional 738 shares during the period. Bank of Nova Scotia increased its position in Generac by 62.5% during the 4th quarter. Bank of Nova Scotia now owns 3,942 shares of the technology company's stock worth $611,000 after purchasing an additional 1,516 shares during the period. Raymond James Financial Inc. acquired a new position in Generac during the 4th quarter worth approximately $46,785,000. Treasurer of the State of North Carolina increased its position in Generac by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 25,885 shares of the technology company's stock worth $4,013,000 after purchasing an additional 160 shares during the period. Finally, Covestor Ltd increased its position in Generac by 33.9% during the 4th quarter. Covestor Ltd now owns 513 shares of the technology company's stock worth $80,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Generac Stock Performance

Shares of NYSE GNRC opened at $196.49 on Monday. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm's 50-day moving average price is $149.14 and its two-hundred day moving average price is $135.54. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $199.89. The stock has a market capitalization of $11.53 billion, a P/E ratio of 32.64, a P/E/G ratio of 1.56 and a beta of 1.68.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter last year, the company posted $1.35 earnings per share. Generac's revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of several research analyst reports. Barclays set a $200.00 price target on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Canaccord Genuity Group decreased their price target on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Citigroup raised Generac from a "neutral" rating to a "mixed" rating in a research note on Friday, July 11th. Finally, UBS Group reaffirmed a "buy" rating and issued a $220.00 target price (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $170.06.

About Generac

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.

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