Live Oak Investment Partners Invests $965,000 in Generac Holdings Inc. $GNRC

Live Oak Investment Partners purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 5,767 shares of the technology company’s stock, valued at approximately $965,000.

Several other large investors have also made changes to their positions in GNRC. JPMorgan Chase & Co. raised its holdings in shares of Generac by 2.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock valued at $51,728,000 after purchasing an additional 10,325 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Generac in the second quarter worth $217,000. Rothschild Investment LLC increased its position in Generac by 95.9% during the second quarter. Rothschild Investment LLC now owns 6,405 shares of the technology company’s stock worth $917,000 after buying an additional 3,135 shares during the last quarter. Lonestar Capital Management LLC bought a new position in Generac during the second quarter valued at about $4,296,000. Finally, Paradice Investment Management LLC raised its holdings in Generac by 27.4% during the third quarter. Paradice Investment Management LLC now owns 181,283 shares of the technology company’s stock valued at $30,347,000 after buying an additional 38,945 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares in the company, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Generac Price Performance

Shares of GNRC stock opened at $160.99 on Tuesday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a market capitalization of $9.45 billion, a P/E ratio of 30.66, a P/E/G ratio of 1.31 and a beta of 1.82. The stock has a 50 day moving average of $150.34 and a two-hundred day moving average of $166.85. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. As a group, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent analyst reports. Needham & Company LLC initiated coverage on Generac in a research note on Monday, January 12th. They set a “buy” rating and a $211.00 price target for the company. Bank of America reduced their target price on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Zacks Research raised Generac from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price target on the stock in a research report on Monday, December 8th. Finally, Wells Fargo & Company set a $195.00 price objective on shares of Generac in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.29.

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.