Quantinno Capital Management LP Purchases 4,613 Shares of Generac Holdings Inc. $GNRC

Quantinno Capital Management LP boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 19.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,774 shares of the technology company’s stock after acquiring an additional 4,613 shares during the period. Quantinno Capital Management LP’s holdings in Generac were worth $5,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. MUFG Securities EMEA plc purchased a new position in shares of Generac during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Generac in the third quarter worth $26,000. Avalon Trust Co purchased a new stake in shares of Generac in the first quarter worth $32,000. GHP Investment Advisors Inc. purchased a new stake in shares of Generac in the first quarter worth $36,000. Finally, Root Financial Partners LLC boosted its stake in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock valued at $43,000 after buying an additional 54 shares during the period. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GNRC shares. UBS Group boosted their target price on Generac from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday. Citigroup lifted their price target on Generac from $263.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, July 2nd. Stifel Nicolaus boosted their price objective on Generac from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Argus raised their target price on shares of Generac from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.84.

Insider Buying and Selling

In other Generac news, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total value of $120,356.50. Following the completion of the sale, the insider owned 15,508 shares of the company’s stock, valued at $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer owned 554,528 shares in the company, valued at $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,650 shares of company stock valued at $2,746,250 in the last 90 days. 2.40% of the stock is currently owned by corporate insiders.

Generac Trading Down 2.9%

NYSE GNRC opened at $211.21 on Friday. The stock’s 50-day simple moving average is $245.49 and its two-hundred day simple moving average is $226.32. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve 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 company has a market capitalization of $12.46 billion, a price-to-earnings ratio of 48.67, a PEG ratio of 1.88 and a beta of 1.92.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (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 analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. Research analysts forecast that Generac Holdings Inc. will post 9.63 EPS for the current fiscal 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.