James Investment Research Inc. Buys 2,527 Shares of Generac Holdings Inc. $GNRC

James Investment Research Inc. increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 27.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,602 shares of the technology company’s stock after buying an additional 2,527 shares during the quarter. James Investment Research Inc.’s holdings in Generac were worth $2,266,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new stake in Generac in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac in the third quarter valued at approximately $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Generac in the first quarter valued at approximately $36,000. IFP Advisors Inc boosted its stake in shares of Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after acquiring an additional 110 shares during the period. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Generac during the 4th quarter worth approximately $61,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GNRC shares. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 4th. Bank of America dropped their price objective on shares of Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Barclays lifted their target price on shares of Generac from $228.00 to $285.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $282.00.

Insider Activity at Generac

In related news, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction of $149,743.00. Following the sale, the insider owned 16,108 shares of the company’s stock, valued at $4,385,564.08. This represents a 3.30% decrease in their ownership of the stock. 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 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 transaction, the chief executive officer owned 564,528 shares in the company, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their position. 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 currently owned by company insiders.

Generac Stock Down 7.7%

GNRC stock opened at $270.17 on Thursday. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The stock has a market capitalization of $15.90 billion, a price-to-earnings ratio of 84.69, a PEG ratio of 2.74 and a beta of 1.89. The business’s fifty day moving average price is $263.52 and its two-hundred day moving average price is $213.13.

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

Generac 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.