Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 577,922 shares of the technology company’s stock after purchasing an additional 19,936 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.97% of Generac worth $73,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac in the 1st quarter valued at approximately $28,000. Private Trust Co. NA boosted its stake in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. Ostrum Asset Management bought a new stake in shares of Generac during the 4th quarter worth $50,000. New Age Alpha Advisors LLC bought a new stake in shares of Generac during the 1st quarter worth $54,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Generac during the 1st quarter worth $76,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

NYSE GNRC opened at $202.86 on Thursday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The stock has a market capitalization of $11.90 billion, a PE ratio of 33.70, a P/E/G ratio of 1.59 and a beta of 1.68. The stock has a 50-day simple moving average of $153.58 and a 200 day simple moving average of $136.71.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup raised Generac from a “neutral” rating to a “mixed” rating in a research report on Friday, July 11th. Canaccord Genuity Group cut their price objective on Generac from $200.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Janney Montgomery Scott upgraded Generac from a “neutral” rating to a “buy” rating in a report on Wednesday, May 7th. TD Cowen increased their price objective on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Guggenheim upgraded Generac from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a report on Tuesday, July 29th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $170.06.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares of the company’s stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Generac 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.