TCG Advisory Services LLC Acquires Shares of 40,469 Generac Holdings Inc. (NYSE:GNRC)

TCG Advisory Services LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,469 shares of the technology company’s stock, valued at approximately $5,230,000. TCG Advisory Services LLC owned 0.07% of Generac as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Amalgamated Bank boosted its stake in Generac by 15.6% in the 4th quarter. Amalgamated Bank now owns 22,024 shares of the technology company’s stock worth $2,846,000 after purchasing an additional 2,975 shares during the period. Victory Capital Management Inc. purchased a new position in Generac during the fourth quarter valued at approximately $1,435,000. Fernwood Investment Management LLC increased its holdings in Generac by 121.5% during the 4th quarter. Fernwood Investment Management LLC now owns 4,139 shares of the technology company’s stock worth $535,000 after acquiring an additional 2,270 shares during the period. Intrust Bank NA purchased a new stake in Generac in the 4th quarter worth approximately $204,000. Finally, Skylands Capital LLC boosted its holdings in Generac by 7.1% in the 4th quarter. Skylands Capital LLC now owns 28,520 shares of the technology company’s stock valued at $3,686,000 after purchasing an additional 1,900 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total value of $699,750.00. Following the completion of the transaction, 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 is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GNRC shares. Robert W. Baird increased their price objective on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Roth Mkm boosted their price objective on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their target price 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. Canaccord Genuity Group boosted their price target on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Oppenheimer upped their target price on shares of Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.40.

Generac Trading Up 3.7 %

GNRC traded up $4.72 during midday trading on Friday, reaching $133.38. 1,315,710 shares of the company’s stock traded hands, compared to its average volume of 1,356,062. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.94. The firm has a fifty day moving average of $124.48 and a two-hundred day moving average of $118.20. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 1.82 and a beta of 1.41. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million for the quarter, compared to analyst estimates of $886.60 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Generac Holdings Inc. will post 6.1 earnings per share for the current fiscal year.

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.