UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $46.54 Million Stock Position in Generac Holdings Inc. $GNRC

Key Points

• UBS Asset Management increased its Generac stake by 3.8% in the second quarter, holding 158,951 shares worth approximately $46.5 million. Institutional investors collectively own 84.04% of GNRC.
• Analysts maintain a generally positive outlook, with Generac carrying a consensus “Moderate Buy” rating and an average price target of $284.84; recent targets range from $278 to $340.
• Generac’s latest quarterly results surpassed expectations, reporting $2.91 in EPS versus $2.01 estimated, while revenue rose 10.3% year over year to $1.17 billion. The stock opened at $180.97, well below its 12-month high of $296.44.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,951 shares of the technology company's stock after acquiring an additional 5,753 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Generac worth $46,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Generac in the 2nd quarter valued at about $1,170,960,000. Invesco Ltd. boosted its holdings in shares of Generac by 49.9% during the 4th quarter. Invesco Ltd. now owns 2,423,971 shares of the technology company's stock worth $330,557,000 after buying an additional 806,430 shares in the last quarter. Diamant Asset Management Inc. grew its holdings in Generac by 19,433.0% in the first quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock worth $130,104,000 after purchasing an additional 662,665 shares during the period. Bank of Montreal Can grew its stake in shares of Generac by 1,141.1% in the 4th quarter. Bank of Montreal Can now owns 695,600 shares of the technology company's stock valued at $94,859,000 after buying an additional 639,551 shares during the period. Finally, Bank of America Corp DE acquired a new stake in Generac in the second quarter valued at approximately $175,942,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Cantor Fitzgerald raised their target price on Generac from $325.00 to $333.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Barclays decreased their price target on shares of Generac from $285.00 to $278.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. UBS Group lifted their price objective on Generac from $335.00 to $340.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Citigroup boosted their target price on shares of Generac from $263.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $284.84.

Generac Trading Down 0.2%

Shares of GNRC stock opened at $180.97 on Thursday. The business has a 50-day moving average price of $220.18 and a two-hundred day moving average price of $230.01. The firm has a market cap of $10.68 billion, a P/E ratio of 41.70, a price-to-earnings-growth ratio of 1.55 and a beta of 1.91. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period last year, the business earned $1.65 earnings per share. The business's quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts anticipate that Generac Holdings Inc. will post 9.78 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares of the company's stock, valued at $3,393,615.64. This trade represents a 3.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the sale, the chief executive officer directly owned 549,528 shares in the company, valued at $100,129,496.88. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,236 shares of company stock worth $2,421,423 in the last ninety days. 2.40% of the stock is owned by company insiders.

About Generac

Generac Holdings Inc NYSE: GNRC is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac's product lineup addresses a broad range of customer needs.

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