TritonPoint Partners LLC Buys New Stake in Generac Holdings Inc. $GNRC

TritonPoint Partners LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,955 shares of the technology company’s stock, valued at approximately $267,000.

Several other institutional investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in shares of Generac in the 3rd quarter worth $26,000. MUFG Securities EMEA plc purchased a new position in shares of Generac in the 2nd quarter worth $25,000. Quarry LP grew its stake in shares of Generac by 66.3% in the 3rd quarter. Quarry LP now owns 399 shares of the technology company’s stock worth $67,000 after buying an additional 159 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Generac in the 3rd quarter worth $67,000. Finally, IFP Advisors Inc grew its stake in shares of Generac by 33.8% in the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after buying an additional 110 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Down 0.1%

Shares of GNRC opened at $262.13 on Monday. Generac Holdings Inc. has a 1-year low of $123.66 and a 1-year high of $294.18. The company has a 50-day moving average of $243.76 and a 200 day moving average of $201.93. The firm has a market capitalization of $15.43 billion, a price-to-earnings ratio of 82.17, a PEG ratio of 2.45 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $1.26 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, research analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GNRC. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Canaccord Genuity Group lifted their price objective on shares of Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Citigroup lifted their price objective on shares of Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Barclays lifted their price objective on shares of Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research note on Friday, March 27th. One research 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $278.65.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $272.26, for a total transaction of $149,743.00. Following the completion of the sale, the insider owned 16,108 shares in the company, valued at $4,385,564.08. This trade represents a 3.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the transaction, the chief executive officer directly owned 564,528 shares in the company, valued at $153,653,231.04. This trade represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

About Generac

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.