Transcend Capital Advisors LLC Raises Holdings in Generac Holdings Inc. (NYSE:GNRC)

Transcend Capital Advisors LLC lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 12.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,107 shares of the technology company’s stock after acquiring an additional 228 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Generac were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of GNRC. Mackenzie Financial Corp boosted its stake in shares of Generac by 13,944.2% in the third quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares during the last quarter. Ariel Investments LLC raised 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 worth $219,047,000 after purchasing an additional 261,050 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Generac by 42.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 194,265 shares during the period. Blair William & Co. IL raised its holdings in Generac by 108.6% in the 3rd quarter. Blair William & Co. IL now owns 284,345 shares of the technology company’s stock worth $30,982,000 after purchasing an additional 148,017 shares during the period. Finally, Invesco Ltd. raised 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 worth $177,956,000 after purchasing an additional 147,523 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at $75,170,948.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen reduced their price target on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Canaccord Genuity Group upped their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. UBS Group reduced their price target on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Finally, OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.65.

Generac Trading Down 1.0 %

Shares of Generac stock opened at $135.91 on Wednesday. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 1.82 and a beta of 1.45. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The stock has a 50 day moving average of $123.45 and a 200 day moving average of $117.70.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.78 earnings per share. As a group, research analysts predict that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

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.