Triglav Skladi D.O.O. Makes New $443,000 Investment in Generac Holdings Inc. (NYSE:GNRC)

Key Points

• Triglav Skladi D.O.O. has acquired 3,500 shares of Generac Holdings Inc., valued at approximately $443,000, during the first quarter of the year.
• Generac reported a 6.3% increase in quarterly revenue year-over-year, with earnings per share of $1.65, surpassing analyst expectations.
• Most analysts maintain a “Moderate Buy” rating for Generac, with a consensus price target of $170.06 and differing opinions on future price expectations from various firms.

Triglav Skladi D.O.O. acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,500 shares of the technology company's stock, valued at approximately $443,000.

Several other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac during the first quarter valued at approximately $28,000. Private Trust Co. NA raised its position in Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares in the last quarter. Ostrum Asset Management purchased a new position in Generac during the fourth quarter valued at approximately $50,000. New Age Alpha Advisors LLC purchased a new position in Generac during the first quarter valued at approximately $54,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Generac during the fourth quarter valued at approximately $89,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Piper Sandler reduced their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. TD Securities cut their price objective on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. TD Cowen boosted their price objective on 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 Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Canaccord Genuity Group cut their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.06.

Generac Price Performance

Shares of GNRC traded down $3.82 during trading hours on Thursday, hitting $199.03. 789,175 shares of the stock were exchanged, compared to its average volume of 1,296,299. 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 Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a market cap of $11.68 billion, a price-to-earnings ratio of 33.06, a price-to-earnings-growth ratio of 1.62 and a beta of 1.68. The stock's 50-day moving average price is $155.04 and its two-hundred day moving average price is $137.01.

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

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction 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 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.