Y Intercept Hong Kong Ltd Raises Stake in Generac Holdings Inc. $GNRC

Y Intercept Hong Kong Ltd lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 115.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,868 shares of the technology company’s stock after purchasing an additional 25,103 shares during the period. Y Intercept Hong Kong Ltd owned about 0.08% of Generac worth $7,846,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in Generac during the 3rd quarter worth $70,744,000. JPMorgan Chase & Co. grew its position 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 worth $51,728,000 after buying an additional 10,325 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Generac during the second quarter valued at $217,000. Annex Advisory Services LLC increased its stake in shares of Generac by 9.2% during the third quarter. Annex Advisory Services LLC now owns 194,519 shares of the technology company’s stock valued at $32,562,000 after buying an additional 16,386 shares during the period. Finally, Paradice Investment Management LLC raised its holdings in shares of Generac by 27.4% in the third quarter. Paradice Investment Management LLC now owns 181,283 shares of the technology company’s stock valued at $30,347,000 after acquiring an additional 38,945 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of GNRC stock opened at $172.96 on Friday. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.43 and a beta of 1.82. The stock’s 50-day simple moving average is $151.48 and its 200-day simple moving average is $167.18.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Robert W. Baird raised shares of Generac from a “neutral” rating to an “outperform” rating and cut their target price for the company from $215.00 to $199.00 in a research report on Friday, January 9th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective on the stock in a research note on Thursday, January 8th. Guggenheim reduced their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Thursday. Finally, Wells Fargo & Company set a $195.00 price target on Generac in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.29.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the sale, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at $90,365,831.38. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.

Generac 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.