20,033 Shares in Generac Holdings Inc. $GNRC Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the first quarter, Holdings Channel.com reports. The fund bought 20,033 shares of the technology company’s stock, valued at approximately $3,913,000.

Several other hedge funds have also added to or reduced their stakes in the business. MUFG Securities EMEA plc bought a new position in Generac during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Generac in the third quarter valued at about $26,000. Avalon Trust Co bought a new position in shares of Generac in the first quarter valued at about $32,000. GHP Investment Advisors Inc. acquired a new stake in shares of Generac during the 1st quarter worth about $36,000. Finally, Root Financial Partners LLC lifted its stake in shares of Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on GNRC shares. Citigroup upped their price target on shares of Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Canaccord Genuity Group raised their price objective on shares of Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $275.00 price objective on Generac in a report on Thursday, April 30th. Stephens reaffirmed an “overweight” rating and issued a $290.00 target price on shares of Generac in a research report on Thursday, May 21st. Finally, Roth Capital reiterated a “neutral” rating and set a $257.00 target price on shares of Generac in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.44.

Generac Trading Down 4.0%

Shares of Generac stock opened at $202.13 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The firm has a 50-day moving average of $256.28 and a 200-day moving average of $222.70. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44. The stock has a market cap of $11.90 billion, a PE ratio of 63.36, a PEG ratio of 1.89 and a beta of 1.89.

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. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $1.26 earnings per share. Generac’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current year.

Insider Buying and Selling

In other news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $256.00, for a total value of $140,800.00. Following the completion of the sale, the insider directly owned 15,808 shares in the company, valued at approximately $4,046,848. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were 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 owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. This trade represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 6,100 shares of company stock worth $1,651,443. Company insiders own 2.40% of the company’s stock.

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.