IPG Investment Advisors LLC Purchases Shares of 25,036 Generac Holdings Inc. (NYSE:GNRC)

Key Points

• IPG Investment Advisors LLC acquired a new stake in Generac Holdings Inc. during the 1st quarter, purchasing 25,036 shares valued at approximately $3,171,000.
• Generac's stock is currently experiencing a slight decline, down 0.6%, and has a market cap of $11.44 billion with a price-to-earnings ratio of 32.15.
• In its recent quarterly earnings report, Generac beat analysts' expectations by delivering $1.65 earnings per share, surpassing the consensus estimate of $1.33, with a revenue of $1.06 billion.

IPG Investment Advisors LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,036 shares of the technology company's stock, valued at approximately $3,171,000.

Several other institutional investors have also recently added to or reduced their stakes in GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Generac by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after purchasing an additional 72 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Generac by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after buying an additional 77 shares during the last quarter. Alaethes Wealth LLC raised its holdings in shares of Generac by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after buying an additional 78 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Generac by 3.9% in the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after buying an additional 84 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Shares of NYSE:GNRC traded down $3.31 during trading on Wednesday, reaching $193.98. 745,116 shares of the company's stock traded hands, compared to its average volume of 1,269,874. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The company has a 50 day moving average of $144.88 and a 200-day moving average of $134.99. The stock has a market capitalization of $11.46 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.68. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $199.89.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on GNRC shares. Citigroup raised shares of Generac from a "neutral" rating to a "mixed" rating in a report on Friday, July 11th. TD Cowen increased their price target on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Piper Sandler decreased their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Robert W. Baird dropped their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $174.28.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company'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 transaction, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

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.