Nisa Investment Advisors LLC Purchases 5,098 Shares of Generac Holdings Inc. (NYSE:GNRC)

Nisa Investment Advisors LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 234.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 7,271 shares of the technology company's stock after buying an additional 5,098 shares during the quarter. Nisa Investment Advisors LLC's holdings in Generac were worth $921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hurley Capital LLC purchased a new position in shares of Generac in the 4th quarter worth about $26,000. Quadrant Capital Group LLC boosted its holdings in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after buying an additional 87 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after buying an additional 90 shares during the last quarter. Ostrum Asset Management purchased a new position in shares of Generac in the 4th quarter worth about $50,000. Finally, Intact Investment Management Inc. purchased a new position in shares of Generac in the 1st quarter worth about $76,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

Shares of Generac stock opened at $148.97 on Tuesday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The firm has a market capitalization of $8.80 billion, a P/E ratio of 25.95, a P/E/G ratio of 1.36 and a beta of 1.72. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $131.40 and a two-hundred day simple moving average of $134.21.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on GNRC. Stephens reissued an "overweight" rating and issued a $175.00 price target on shares of Generac in a report on Tuesday, May 27th. Citigroup raised shares of Generac from a "neutral" rating to a "mixed" rating in a report on Friday. TD Cowen dropped their price objective 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. Stifel Nicolaus lowered their price target on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company lowered their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $169.17.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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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