Scott & Selber Inc. Boosts Stock Holdings in Generac Holdings Inc. $GNRC

Scott & Selber Inc. lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 14.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,393 shares of the technology company’s stock after purchasing an additional 3,136 shares during the period. Scott & Selber Inc.’s holdings in Generac were worth $3,463,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in 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 in the last quarter. Woodline Partners LP lifted its stake in shares of Generac by 40.9% during the 1st 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 last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Generac by 23.4% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 14,861 shares of the technology company’s stock worth $2,128,000 after purchasing an additional 2,819 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in Generac by 9.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 24,576 shares of the technology company’s stock valued at $3,520,000 after purchasing an additional 2,205 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in Generac by 16.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,544 shares of the technology company’s stock valued at $221,000 after purchasing an additional 217 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GNRC. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research report on Thursday, January 22nd. Citigroup lowered shares of Generac from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $207.00 to $237.00 in a report on Thursday, March 12th. Jefferies Financial Group started coverage on Generac in a research report on Friday. They set a “hold” rating and a $222.00 price target on the stock. Robert W. Baird set a $292.00 price objective on Generac in a research report on Thursday, February 12th. Finally, Zacks Research upgraded Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $222.06.

Generac Trading Up 1.4%

Shares of Generac stock opened at $202.05 on Tuesday. The firm’s 50 day simple moving average is $197.47 and its two-hundred day simple moving average is $175.13. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 75.39, a PEG ratio of 1.45 and a beta of 1.74. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $241.09. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.20). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.80 earnings per share. Analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

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.