Oak Family Advisors LLC Purchases Shares of 53,814 Generac Holdings Inc. (NYSE:GNRC)

Oak Family Advisors LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,814 shares of the technology company's stock, valued at approximately $6,788,000. Generac makes up about 2.6% of Oak Family Advisors LLC's portfolio, making the stock its 10th largest position. Oak Family Advisors LLC owned about 0.09% of Generac as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GNRC. ICA Group Wealth Management LLC bought a new stake in Generac during the 4th quarter worth approximately $27,000. Headlands Technologies LLC bought a new stake in Generac during the 3rd quarter worth approximately $28,000. BKM Wealth Management LLC bought a new stake in Generac during the 4th quarter worth approximately $28,000. ORG Partners LLC bought a new stake in Generac during the 4th quarter worth approximately $38,000. Finally, Quarry LP grew its position in Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company's stock worth $38,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Shares of Generac stock traded up $2.98 during mid-day trading on Tuesday, hitting $154.20. 1,069,464 shares of the stock were exchanged, compared to its average volume of 1,064,990. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The company has a 50-day simple moving average of $131.51 and a 200 day simple moving average of $122.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The company has a market capitalization of $9.35 billion, a P/E ratio of 42.48, a P/E/G ratio of 1.98 and a beta of 1.41.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.16. The company had revenue of $889.27 million for the quarter, compared to analysts' expectations of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. Generac's revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Nam Tran Nguyen sold 546 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now owns 3,512 shares of the company's stock, valued at approximately $493,611.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Generac news, Director Nam Tran Nguyen sold 546 shares of the firm's stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $140.55, for a total value of $76,740.30. Following the sale, the director now owns 3,512 shares of the company's stock, valued at approximately $493,611.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now directly owns 587,177 shares in the company, valued at approximately $82,175,421.15. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,546 shares of company stock valued at $1,411,190. Corporate insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on GNRC shares. OTR Global upgraded Generac from a "mixed" rating to a "positive" rating in a research report on Tuesday, April 2nd. Guggenheim lowered Generac from a "buy" rating to a "neutral" rating in a research report on Thursday, February 15th. Oppenheimer increased their price objective on Generac from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Thursday, May 2nd. Robert W. Baird increased their price objective on Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. Finally, Canaccord Genuity Group raised their price target on Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $142.40.

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.

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