New Age Alpha Advisors LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

New Age Alpha Advisors LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 429 shares of the technology company’s stock, valued at approximately $54,000.

A number of other large investors have also made changes to their positions in the company. Nebula Research & Development LLC acquired a new position in Generac in the 4th quarter valued at approximately $3,638,000. Pinebridge Investments L.P. increased its stake in Generac by 28.1% in the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company’s stock valued at $10,697,000 after buying an additional 15,147 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock valued at $929,000 after buying an additional 1,195 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Generac in the 1st quarter valued at approximately $245,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Generac by 15.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock valued at $3,232,000 after buying an additional 3,345 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.70% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $196.56 on Tuesday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $200.41. The firm’s fifty day simple moving average is $150.66 and its 200 day simple moving average is $135.81. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $11.53 billion, a PE ratio of 32.65, a PEG ratio of 1.56 and a beta of 1.68.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business posted $1.35 EPS. Generac’s revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on GNRC. Citigroup upgraded shares of Generac from a “neutral” rating to a “mixed” rating in a research note on Friday, July 11th. Robert W. Baird dropped their price objective on shares of Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Piper Sandler dropped their price objective on shares of Generac from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Tuesday, July 29th. Finally, Stifel Nicolaus increased their price target on shares of Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.06.

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.