National Bank of Canada FI Increases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

National Bank of Canada FI boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 140.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,545 shares of the technology company's stock after purchasing an additional 28,388 shares during the quarter. National Bank of Canada FI owned about 0.08% of Generac worth $6,149,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GNRC. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac in the 1st quarter worth $28,000. Private Trust Co. NA raised its position in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares in the last quarter. Ostrum Asset Management purchased a new stake in shares of Generac during the 4th quarter valued at about $50,000. New Age Alpha Advisors LLC purchased a new stake in shares of Generac during the 1st quarter valued at about $54,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of Generac during the 1st quarter valued at about $76,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling at Generac

In other 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 completion of the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company's stock.

Generac Price Performance

Shares of GNRC opened at $202.86 on Thursday. The company has a 50 day moving average price of $153.58 and a 200-day moving average price of $136.71. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The stock has a market capitalization of $11.90 billion, a PE ratio of 33.70, a PEG ratio of 1.59 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

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

Wall Street Analyst Weigh In

GNRC has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Generac from a "neutral" rating to an "overweight" rating and upped their target price for the company from $56.00 to $68.00 in a research report on Monday. Wells Fargo & Company upped their target price on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. TD Cowen upped their target price 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. Finally, TD Securities cut their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Five 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 company has a consensus rating of "Moderate Buy" and an average price target of $170.06.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.