Venture Visionary Partners LLC Boosts Stock Position in Generac Holdings Inc. $GNRC

Venture Visionary Partners LLC lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 605.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,884 shares of the technology company’s stock after purchasing an additional 13,631 shares during the quarter. Venture Visionary Partners LLC’s holdings in Generac were worth $2,166,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GNRC. MUFG Securities EMEA plc bought a new stake in Generac in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac in the third quarter worth $26,000. IFP Advisors Inc lifted its position in Generac by 33.8% in the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after buying an additional 110 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Generac in the fourth quarter worth $61,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Generac in the third quarter worth $67,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Up 2.9%

NYSE:GNRC opened at $269.84 on Tuesday. Generac Holdings Inc. has a twelve month low of $123.94 and a twelve month high of $294.18. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 84.59, a price-to-earnings-growth ratio of 2.45 and a beta of 1.93. The stock has a fifty day simple moving average of $245.27 and a 200-day simple moving average of $202.79. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate 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 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 8.91 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stephens restated an “overweight” rating and issued a $290.00 price target on shares of Generac in a research report on Thursday, May 21st. Barclays raised their price target on Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. TD Cowen raised their price target on Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Argus raised their price target on Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $278.65.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of Generac 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 sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This trade represents a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by company insiders.

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.