CapWealth Advisors LLC Buys 28,774 Shares of Generac Holdings Inc. (NYSE:GNRC)

CapWealth Advisors LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 165.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 46,148 shares of the technology company’s stock after acquiring an additional 28,774 shares during the quarter. CapWealth Advisors LLC owned about 0.08% of Generac worth $5,821,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Capital World Investors acquired a new stake in shares of Generac in the 4th quarter valued at $155,707,000. Charles Schwab Investment Management Inc. boosted its stake in Generac by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 665,629 shares of the technology company’s stock valued at $86,026,000 after buying an additional 15,490 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Generac by 23.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock valued at $78,854,000 after acquiring an additional 115,728 shares during the last quarter. Norges Bank acquired a new position in Generac during the fourth quarter worth about $67,253,000. Finally, Ninety One UK Ltd lifted its holdings in shares of Generac by 13.4% in the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after acquiring an additional 56,169 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at $82,175,421.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the completion of the transaction, the insider now directly owns 19,815 shares in the company, valued at $2,889,027. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 ninety days, insiders have sold 80,785 shares of company stock worth $11,720,411. 2.80% of the stock is owned by corporate insiders.

Generac Stock Performance

Shares of Generac stock traded up $0.73 during trading hours on Tuesday, hitting $142.92. 673,807 shares of the company’s stock traded hands, compared to its average volume of 998,475. The company has a fifty day simple moving average of $140.41 and a 200-day simple moving average of $128.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.97. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 1.90 and a beta of 1.37. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95.

Generac (NYSE:GNRC) 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. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the previous year, the firm posted $0.63 EPS. Generac’s revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Generac Holdings Inc. will post 6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $149.00 target price on shares of Generac in a research report on Thursday, May 23rd. Guggenheim lowered shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a report on Thursday, May 30th. Truist Financial raised their price target on shares of Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Roth Mkm lifted their price target on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Finally, Oppenheimer lowered Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.67.

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.