Hussman Strategic Advisors Inc. Makes New $1.33 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Hussman Strategic Advisors Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,500 shares of the technology company's stock, valued at approximately $1,330,000.

A number of other large investors also recently made changes to their positions in GNRC. Hurley Capital LLC bought a new position in Generac during the 4th quarter worth about $26,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Generac during the first quarter worth $28,000. Quadrant Capital Group LLC lifted its stake in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. Private Trust Co. NA lifted its stake in Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 shares during the last quarter. Finally, Ostrum Asset Management acquired a new stake in Generac in the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC stock traded up $3.54 during trading hours on Friday, hitting $153.28. 836,418 shares of the company were exchanged, compared to its average volume of 856,876. The firm has a fifty day simple moving average of $134.55 and a 200 day simple moving average of $134.15. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 26.70, a P/E/G ratio of 1.38 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. The company had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. Generac's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. Research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of several research analyst reports. Barclays boosted their price objective on shares of Generac from $164.00 to $170.00 and gave the company an "equal weight" rating in a research report on Friday. Wells Fargo & Company lowered their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Bank of America began coverage on shares of Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Stifel Nicolaus lowered their price target on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Piper Sandler lowered their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $168.11.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

Generac Company 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.