JCP Investment Management LLC Acquires New Stake in Generac Holdings Inc. (NYSE:GNRC)

Key Points

• JCP Investment Management LLC has acquired a new stake of 65,000 shares in Generac Holdings Inc., valued at approximately $8.2 million, making it 5.1% of their portfolio.
• Generac reported a quarterly earnings per share (EPS) of $1.65, beating analysts' expectations, with revenue increasing by 6.3% year-over-year.
• Institutional investors hold approximately 84.04% of Generac’s stock, indicating strong investor confidence in the company.

JCP Investment Management LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,000 shares of the technology company's stock, valued at approximately $8,232,000. Generac comprises 5.1% of JCP Investment Management LLC's portfolio, making the stock its 10th biggest holding. JCP Investment Management LLC owned 0.11% of Generac at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew 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 valued at $223,293,000 after purchasing an additional 14,844 shares during the period. Brown Advisory Inc. grew 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 valued at $102,873,000 after purchasing an additional 67,180 shares during the period. Dimensional Fund Advisors LP grew 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 valued at $112,961,000 after purchasing an additional 16,954 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Generac by 27.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock valued at $110,544,000 after purchasing an additional 153,141 shares during the period. Finally, Jennison Associates LLC grew its holdings in Generac by 5.3% during the first quarter. Jennison Associates LLC now owns 708,052 shares of the technology company's stock valued at $89,675,000 after purchasing an additional 35,839 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

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 stock was 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 document filed with the SEC, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Generac Price Performance

NYSE:GNRC opened at $193.57 on Friday. The company has a current ratio of 2.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $11.44 billion, a P/E ratio of 32.15, a P/E/G ratio of 1.75 and a beta of 1.67. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $197.18. The business's 50-day moving average is $142.00 and its 200 day moving average is $134.49.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Generac from $141.00 to $144.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. TD Securities dropped their price objective on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Stephens reaffirmed an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. Canaccord Genuity Group dropped their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.28.

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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