De Lisle Partners LLP Makes New Investment in Generac Holdings Inc. $GNRC

De Lisle Partners LLP bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 10,000 shares of the technology company’s stock, valued at approximately $1,364,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its stake in Generac by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company’s stock worth $53,190,000 after purchasing an additional 16,229 shares during the last quarter. Private Advisory Group LLC lifted its stake in Generac by 26.2% during the fourth quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock worth $8,016,000 after purchasing an additional 12,191 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in Generac by 556.7% during the third quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock worth $8,689,000 after purchasing an additional 43,999 shares during the last quarter. Kayne Anderson Capital Advisors LP bought a new stake in Generac during the third quarter worth $2,159,000. Finally, Altman Advisors Inc. bought a new stake in Generac during the third quarter worth $1,807,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

Shares of Generac stock opened at $262.13 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $243.76 and a two-hundred day moving average price of $201.53. Generac Holdings Inc. has a 1-year low of $123.66 and a 1-year high of $294.18. The company has a market cap of $15.43 billion, a P/E ratio of 82.17, a PEG ratio of 2.41 and a beta of 1.93.

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

Analysts Set New Price Targets

GNRC has been the subject of a number of research reports. Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. increased their price target on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stephens reiterated an “overweight” rating and issued a $290.00 price target on shares of Generac in a research note on Thursday, May 21st. Wells Fargo & Company increased their price target on Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Canaccord Genuity Group increased their price target on Generac from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $278.65.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 the stock in a transaction dated 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. The trade was a 3.30% decrease in their ownership of the stock. 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. 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.