Leavell Investment Management Inc. Acquires Shares of 1,958 Generac Holdings Inc. (NYSE:GNRC)

Leavell Investment Management Inc. purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,958 shares of the technology company's stock, valued at approximately $248,000.

A number of other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Generac during the fourth quarter valued at approximately $90,913,000. Boston Partners grew its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the period. Forest Avenue Capital Management LP bought a new stake in shares of Generac during the fourth quarter worth $49,313,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Generac during the fourth quarter valued at $46,785,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Wells Fargo & Company lowered their price target on 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 started coverage on Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 price objective on the stock. Piper Sandler lowered their target price on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Wall Street Zen upgraded Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.17.

Generac Stock Performance

GNRC opened at $150.66 on Friday. The firm's 50-day moving average price is $131.40 and its 200-day moving average price is $134.36. The company has a market cap of $8.90 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.72. 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 Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The business 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%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. As a group, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was 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 $80,166,358.40. This trade 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 through the SEC website. 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.

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