Alan B Lancz & Associates Inc. Has $268,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Alan B Lancz & Associates Inc. decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 7.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,075 shares of the technology company’s stock after selling 175 shares during the quarter. Alan B Lancz & Associates Inc.’s holdings in Generac were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GNRC. Mackenzie Financial Corp boosted its holdings in shares of Generac by 13,944.2% in the third quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after buying an additional 295,338 shares during the period. Ariel Investments LLC boosted its stake in Generac by 14.9% in the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after purchasing an additional 261,050 shares during the period. Charles Schwab Investment Management Inc. grew its position in Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock worth $70,839,000 after purchasing an additional 194,265 shares in the last quarter. Blair William & Co. IL raised its stake in Generac by 108.6% during the 3rd quarter. Blair William & Co. IL now owns 284,345 shares of the technology company’s stock valued at $30,982,000 after purchasing an additional 148,017 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after purchasing an additional 147,523 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of NYSE:GNRC traded up $4.72 during midday trading on Friday, hitting $133.38. The company’s stock had a trading volume of 1,315,710 shares, compared to its average volume of 1,356,062. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.94 and a current ratio of 2.29. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 1.76 and a beta of 1.41. The stock’s 50 day simple moving average is $124.48 and its 200 day simple moving average is $118.08.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The company had revenue of $889.27 million for the quarter, compared to the consensus estimate of $886.60 million. During the same period in the previous year, the business posted $0.63 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts anticipate that Generac Holdings Inc. will post 6.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird lifted their price target on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. UBS Group decreased their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Roth Mkm increased their target price on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Canaccord Genuity Group boosted their price target on shares of Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.40.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the sale, the chief executive officer now owns 587,177 shares in the company, valued at $82,175,421.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company’s stock.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.