First Bank & Trust Takes Position in Generac Holdings Inc. (NYSE:GNRC)

First Bank & Trust bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,124 shares of the technology company’s stock, valued at approximately $1,277,000.

Several other institutional investors have also recently made changes to their positions in GNRC. ICA Group Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth $27,000. BKM Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth $28,000. ORG Partners LLC acquired a new stake in Generac during the 4th quarter worth $38,000. Quarry LP boosted its stake in Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Generac during the 3rd quarter worth $40,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Performance

Shares of NYSE:GNRC traded down $3.71 on Friday, hitting $132.22. The company’s stock had a trading volume of 1,714,199 shares, compared to its average volume of 669,240. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 1.84 and a beta of 1.44. The stock’s 50-day moving average is $140.16 and its two-hundred day moving average is $128.09. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.72 by $0.16. The business had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. Generac had a return on equity of 14.68% and a net margin of 5.68%. Generac’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.15 EPS for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the sale, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Nam Tran Nguyen sold 546 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now directly owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The disclosure for this sale can be found here. Insiders sold a total of 80,785 shares of company stock worth $11,688,161 in the last 90 days. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GNRC. Janney Montgomery Scott cut shares of Generac from a “buy” rating to a “neutral” rating and upped their target price for the company from $126.00 to $154.00 in a research report on Thursday, June 13th. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Oppenheimer lowered shares of Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $149.00 price target on shares of Generac in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Generac currently has a consensus rating of “Hold” and a consensus price target of $141.67.

Generac Company 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.