Mawer Investment Management Ltd. Purchases 591,986 Shares of Generac Holdings Inc. $GNRC

Mawer Investment Management Ltd. raised its position in Generac Holdings Inc. (NYSE:GNRC) by 8,166.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 599,235 shares of the technology company’s stock after acquiring an additional 591,986 shares during the period. Generac accounts for about 0.9% of Mawer Investment Management Ltd.’s portfolio, making the stock its 29th largest position. Mawer Investment Management Ltd.’s holdings in Generac were worth $124,012,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GNRC. N.E.W. Advisory Services LLC acquired a new stake in shares of Generac during the 2nd quarter worth approximately $25,000. Avalon Trust Co purchased a new stake in shares of Generac during the 1st quarter valued at approximately $32,000. Essential Partners LLC raised its position in shares of Generac by 57.0% during the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares during the period. Jacobi Capital Management LLC acquired a new position in Generac in the third quarter valued at approximately $35,000. Finally, Continuum Advisory LLC acquired a new position in Generac in the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Down 1.1%

GNRC traded down $2.20 during mid-day trading on Friday, hitting $190.68. 751,462 shares of the stock were exchanged, compared to its average volume of 1,293,924. The firm’s fifty day moving average is $198.46 and its two-hundred day moving average is $218.67. Generac Holdings Inc. has a 1-year low of $134.80 and a 1-year high of $296.44. The company has a market cap of $11.25 billion, a PE ratio of 37.76, a PEG ratio of 1.63 and a beta of 1.86. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.14. The company 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 revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. Equities analysts forecast that Generac Holdings Inc. will post 9.84 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other news, insider Norman Taffe sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $182.01, for a total value of $54,603.00. Following the completion of the transaction, the insider owned 10,676 shares of the company’s stock, valued at approximately $1,943,138.76. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $212.57, for a total transaction of $128,179.71. Following the completion of the transaction, the insider directly owned 9,966 shares of the company’s stock, valued at approximately $2,118,472.62. The trade was a 5.71% 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. Over the last quarter, insiders have sold 12,606 shares of company stock valued at $2,491,310. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GNRC shares. Stephens reiterated an “overweight” rating and issued a $335.00 price objective on shares of Generac in a research report on Thursday, September 17th. Barclays raised their target price on Generac from $278.00 to $281.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 29th. KeyCorp restated an “overweight” rating on shares of Generac in a research report on Monday, October 26th. Robert W. Baird set a $287.00 price target on Generac in a research note on Thursday, October 29th. Finally, DA Davidson set a $333.00 price target on Generac in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $289.82.

Generac Profile

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.