Tritonpoint Wealth LLC Takes $1.64 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Tritonpoint Wealth LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,687 shares of the technology company's stock, valued at approximately $1,640,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Generac by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company's stock valued at $2,012,595,000 after purchasing an additional 130,854 shares in the last quarter. Ariel Investments LLC increased its holdings in Generac by 14.9% in the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company's stock valued at $219,047,000 after purchasing an additional 261,050 shares in the last quarter. Invesco Ltd. increased its holdings in Generac by 9.9% in the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company's stock valued at $177,956,000 after purchasing an additional 147,523 shares in the last quarter. Geode Capital Management LLC increased its holdings in Generac by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company's stock valued at $141,176,000 after purchasing an additional 28,211 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Generac by 61.8% in the 1st quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company's stock valued at $134,395,000 after buying an additional 475,104 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of NYSE:GNRC traded up $3.07 during trading hours on Friday, hitting $134.41. The stock had a trading volume of 1,088,085 shares, compared to its average volume of 983,811. The stock's fifty day simple moving average is $118.24 and its 200 day simple moving average is $114.10. Generac Holdings Inc. has a 1-year low of $79.86 and a 1-year high of $156.95. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $1.78 EPS. Generac's revenue was up 1.4% compared to the same quarter last year. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of analyst reports. Guggenheim cut shares of Generac from a "buy" rating to a "neutral" rating in a research report on Thursday, February 15th. Robert W. Baird increased their price target on shares of Generac from $112.00 to $129.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. TD Cowen reduced their price target on shares of Generac from $165.00 to $144.00 and set an "outperform" rating on the stock in a research report on Thursday, February 15th. OTR Global raised shares of Generac from a "mixed" rating to a "positive" rating in a research report on Tuesday. Finally, Canaccord Genuity Group increased their price target on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.80.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.80% 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.