CVA Family Office LLC Acquires New Shares in Generac Holdings Inc. (NYSE:GNRC)

CVA Family Office LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 390 shares of the technology company’s stock, valued at approximately $50,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock valued at $2,012,595,000 after purchasing an additional 130,854 shares during the last quarter. Ariel Investments LLC raised its position in shares of Generac by 14.9% during the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after acquiring an additional 261,050 shares during the last quarter. Invesco Ltd. raised its position in shares of Generac by 9.9% during the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after acquiring an additional 147,523 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Generac by 2.2% during the first quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company’s stock worth $141,176,000 after acquiring an additional 28,211 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of Generac by 61.8% during the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock worth $134,395,000 after acquiring an additional 475,104 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $135.00 price objective on shares of Generac in a research report on Monday, December 4th. UBS Group lowered their target price on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Robert W. Baird lifted their target price on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Roth Mkm lifted their target price on Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. Finally, Citigroup lifted their target price on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.79.

Generac Price Performance

GNRC opened at $124.54 on Thursday. The stock has a 50-day moving average price of $116.41 and a 200-day moving average price of $113.29. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $7.51 billion, a P/E ratio of 37.85, a PEG ratio of 1.87 and a beta of 1.44.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. Generac’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts predict that Generac Holdings Inc. will post 6.32 earnings per share for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $127.28, for a total transaction of $636,400.00. Following the completion of the sale, the chief executive officer now directly owns 582,690 shares in the company, valued at approximately $74,164,783.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by company insiders.

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.