Impact Partnership Wealth LLC Purchases New Shares in Generac Holdings Inc. (NYSE:GNRC)

Impact Partnership Wealth LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,921 shares of the technology company's stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GNRC. Nebula Research & Development LLC bought a new position in Generac in the fourth quarter worth approximately $3,638,000. Pinebridge Investments L.P. raised its position in Generac by 28.1% in the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock worth $10,697,000 after acquiring an additional 15,147 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after acquiring an additional 1,195 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Generac in the first quarter worth $245,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after purchasing an additional 3,345 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC stock traded up $0.59 during mid-day trading on Tuesday, hitting $150.84. 510,397 shares of the stock were exchanged, compared to its average volume of 855,673. The company has a market cap of $8.91 billion, a PE ratio of 26.26, a price-to-earnings-growth 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 firm has a fifty day moving average of $135.01 and a 200 day moving average of $133.93. 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 quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. The firm 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 earnings per share. Research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on GNRC shares. Citigroup raised shares of Generac from a "neutral" rating to a "mixed" rating in a research note on Friday, July 11th. TD Securities dropped their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Finally, Stephens reaffirmed an "overweight" rating and set a $175.00 price target on shares of Generac in a research note on Tuesday, May 27th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.84.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's 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 transaction, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 2.70% of the company's stock.

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.