Lisanti Capital Growth LLC Makes New Investment in Generac Holdings Inc. $GNRC

Lisanti Capital Growth LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,285 shares of the technology company’s stock, valued at approximately $887,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC bought a new stake in Generac during the 3rd quarter worth approximately $35,000. Jefferies Financial Group Inc. raised its holdings in Generac by 132.8% during the third quarter. Jefferies Financial Group Inc. now owns 10,685 shares of the technology company’s stock worth $2,211,000 after acquiring an additional 6,095 shares in the last quarter. Altman Advisors Inc. boosted its holdings in shares of Generac by 0.6% in the 3rd quarter. Altman Advisors Inc. now owns 11,243 shares of the technology company’s stock valued at $2,327,000 after buying an additional 69 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in Generac in the third quarter valued at $575,000. Finally, Mesirow Financial Investment Management Inc. lifted its stake in Generac by 39.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,940 shares of the technology company’s stock valued at $401,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total transaction of $1,030,000.00. Following the completion of the sale, the chief executive officer owned 544,528 shares of the company’s stock, valued at approximately $112,172,768. This represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $182.01, for a total transaction of $54,603.00. Following the transaction, the insider owned 10,676 shares of the company’s stock, valued at approximately $1,943,138.76. The trade was a 2.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,606 shares of company stock worth $2,491,310 over the last ninety days. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Generac from $278.00 to $281.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 29th. HSBC cut Generac to a “hold” rating and set a $333.00 price objective for the company. in a report on Thursday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a research report on Tuesday, November 3rd. Stephens reiterated an “overweight” rating and issued a $335.00 target price on shares of Generac in a research report on Thursday, September 17th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Generac in a report on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.82.

Generac Stock Performance

Shares of Generac stock opened at $193.94 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 1.54 and a beta of 1.86. The company’s fifty day moving average is $198.06 and its 200 day moving average is $218.44.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.14. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. Generac had a return on equity of 18.78% and a net margin of 6.52%. Generac’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.83 earnings per share. Sell-side analysts forecast that Generac Holdings Inc. will post 9.84 EPS for the current year.

About Generac

Generac Holdings Inc. designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications. The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.