AIGH Capital Management LLC Makes New Investment in Generac Holdings Inc. $GNRC

AIGH Capital Management LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 90,000 shares of the technology company’s stock, valued at approximately $17,580,000. Generac makes up approximately 2.4% of AIGH Capital Management LLC’s portfolio, making the stock its 9th biggest position.

Other hedge funds have also made changes to their positions in the company. MUFG Securities EMEA plc bought a new stake in Generac during the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Generac during the third quarter valued at approximately $26,000. GHP Investment Advisors Inc. bought a new position in shares of Generac in the first quarter valued at approximately $36,000. Root Financial Partners LLC raised its position in shares of Generac by 32.9% in the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after purchasing an additional 54 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Generac by 33.8% in the fourth quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their target price on shares of Generac from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Needham & Company LLC reissued a “buy” rating on shares of Generac in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. raised their price target on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, UBS Group boosted their price objective on Generac from $305.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $284.18.

Insider Transactions at Generac

In related news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $256.00, for a total transaction of $140,800.00. Following the sale, the insider directly owned 15,808 shares of the company’s stock, valued at $4,046,848. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 business’s stock in a transaction dated 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 transaction, the chief executive officer owned 564,528 shares in the company, valued at $153,653,231.04. This represents a 0.88% 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. Over the last three months, insiders have sold 6,100 shares of company stock worth $1,651,443. 2.40% of the stock is owned by company insiders.

Generac Trading Up 0.5%

Shares of GNRC stock opened at $236.89 on Thursday. The firm has a market capitalization of $13.95 billion, a P/E ratio of 74.26, a price-to-earnings-growth ratio of 2.21 and a beta of 1.89. Generac Holdings Inc. has a 1 year low of $134.80 and a 1 year high of $296.44. The firm’s fifty day simple moving average is $266.50 and its 200 day simple moving average is $216.51. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

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, beating 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 firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current year.

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.