3,500 Shares in Generac Holdings Inc. $GNRC Acquired by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 3,500 shares of the technology company’s stock, valued at approximately $1,025,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of Generac by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after acquiring an additional 142 shares during the period. Woodline Partners LP increased its position in shares of Generac by 40.9% in the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after purchasing an additional 1,463 shares during the period. First Trust Advisors LP increased its position in shares of Generac by 27.6% in the second quarter. First Trust Advisors LP now owns 101,298 shares of the technology company’s stock worth $14,507,000 after purchasing an additional 21,908 shares during the period. Cerity Partners LLC raised its stake in Generac by 1.6% in the second quarter. Cerity Partners LLC now owns 50,550 shares of the technology company’s stock valued at $7,239,000 after purchasing an additional 816 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Generac by 8.6% in the second quarter. California Public Employees Retirement System now owns 104,246 shares of the technology company’s stock valued at $14,929,000 after purchasing an additional 8,213 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Generac

In related news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider directly owned 15,508 shares in the company, valued at $3,393,615.64. This represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the transaction, the chief executive officer directly owned 554,528 shares of the company’s stock, valued at approximately $108,071,961.92. The trade was a 0.89% 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. In the last three months, insiders have sold 12,236 shares of company stock valued at $2,871,273. 2.40% of the stock is owned by insiders.

Generac Stock Performance

Generac stock opened at $184.02 on Friday. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $226.30 and its two-hundred day moving average price is $230.15. The stock has a market cap of $10.86 billion, a PE ratio of 42.40, a P/E/G ratio of 1.57 and a beta of 1.92.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.65 earnings per share. As a group, analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $290.00 target price on shares of Generac in a report on Thursday, May 21st. Robert W. Baird set a $305.00 price target on shares of Generac in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $284.84.

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.