Bcwm LLC Takes $7.03 Million Position in Generac Holdings Inc. $GNRC

Bcwm LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 24,024 shares of the technology company’s stock, valued at approximately $7,034,000. Generac makes up about 2.1% of Bcwm LLC’s holdings, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also modified their holdings of GNRC. N.E.W. Advisory Services LLC bought a new position in Generac in the second quarter valued at about $25,000. MUFG Securities EMEA plc bought a new position in shares of Generac in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Generac in the third quarter worth about $26,000. Avalon Trust Co acquired a new stake in shares of Generac in the 1st quarter valued at approximately $32,000. Finally, Essential Partners LLC boosted its stake in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GNRC shares. Wells Fargo & Company upped their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating on shares of Generac in a research report on Wednesday, June 3rd. Argus boosted their target price on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Citigroup upped their price target on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Finally, Canaccord Genuity Group cut their price objective on Generac from $325.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.84.

Insider Activity

In related news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the transaction, the insider directly owned 15,508 shares of the company’s stock, valued at $3,393,615.64. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total value of $974,450.00. Following the completion of the sale, the chief executive officer owned 554,528 shares in the company, valued at $108,071,961.92. The trade was a 0.89% 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. Over the last quarter, insiders sold 12,236 shares of company stock valued at $2,871,273. Company insiders own 2.40% of the company’s stock.

Generac Stock Up 2.5%

Shares of NYSE GNRC opened at $206.83 on Thursday. The company has a 50 day simple moving average of $229.81 and a 200 day simple moving average of $230.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm has a market cap of $12.21 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.92.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm posted $1.65 EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, research analysts forecast that Generac Holdings Inc. will post 9.78 EPS 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.