IMA Advisory Services Inc. Has $872,000 Stake in Generac Holdings Inc. (NYSE:GNRC)

IMA Advisory Services Inc. reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 20.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,884 shares of the technology company's stock after selling 1,821 shares during the period. IMA Advisory Services Inc.'s holdings in Generac were worth $872,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GNRC. Vanguard Group Inc. lifted its position in shares of Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after purchasing an additional 47,450 shares in the last quarter. Geode Capital Management LLC increased its holdings in Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after buying an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after buying an additional 469,575 shares during the last quarter. Brown Advisory Inc. increased its holdings in Generac by 9.0% during the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock worth $102,873,000 after buying an additional 67,180 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Generac by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after buying an additional 16,954 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barclays boosted their target price on shares of Generac from $164.00 to $170.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Wells Fargo & Company lowered their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Roth Capital boosted their target price on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday. Stifel Nicolaus lowered their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, UBS Group reduced their price objective on shares of Generac from $205.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.58.

Generac Stock Performance

Shares of Generac stock traded up $0.60 during trading on Thursday, reaching $153.52. The company's stock had a trading volume of 524,439 shares, compared to its average volume of 908,057. The business's 50-day moving average price is $135.92 and its 200-day moving average price is $134.18. The firm has a market cap of $9.07 billion, a PE ratio of 26.75, a P/E/G ratio of 1.38 and a beta of 1.72. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. The company had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. Generac's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 earnings per share. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

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.