Y Intercept Hong Kong Ltd Increases Stock Holdings in Generac Holdings Inc. $GNRC

Y Intercept Hong Kong Ltd increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 29.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 60,809 shares of the technology company’s stock after acquiring an additional 13,941 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Generac were worth $8,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp lifted its position in shares of Generac by 2.1% during the 2nd quarter. State Street Corp now owns 2,189,927 shares of the technology company’s stock valued at $313,619,000 after buying an additional 45,592 shares in the last quarter. Victory Capital Management Inc. raised its stake in Generac by 17.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after purchasing an additional 324,809 shares during the last quarter. Boston Partners raised its stake in Generac by 7.1% in the 3rd quarter. Boston Partners now owns 1,947,332 shares of the technology company’s stock valued at $326,003,000 after purchasing an additional 128,439 shares during the last quarter. Geode Capital Management LLC raised its stake in Generac by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,490,876 shares of the technology company’s stock valued at $202,943,000 after purchasing an additional 6,332 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Generac by 20.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,104,362 shares of the technology company’s stock valued at $184,870,000 after purchasing an additional 189,457 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several recent research reports. Robert W. Baird set a $311.00 price objective on Generac in a research note on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating on shares of Generac in a research note on Tuesday, June 2nd. Wells Fargo & Company increased their price objective on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Argus increased their price objective on Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.65.

Generac Stock Up 1.9%

Shares of GNRC opened at $262.13 on Friday. Generac Holdings Inc. has a 52-week low of $123.66 and a 52-week high of $294.18. The company has a market capitalization of $15.43 billion, a PE ratio of 82.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.93. The stock has a fifty day simple moving average of $243.76 and a two-hundred day simple moving average of $201.53. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the sale, the insider directly owned 16,108 shares of the company’s stock, valued at $4,385,564.08. This trade represents a 3.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by company insiders.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.