Hillsdale Investment Management Inc. Boosts Position in Generac Holdings Inc. (NYSE:GNRC)

Hillsdale Investment Management Inc. grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 29.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,200 shares of the technology company’s stock after buying an additional 3,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Generac were worth $986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GNRC. Exane Derivatives purchased a new stake in Generac in the first quarter worth $36,000. Zions Bancorporation N.A. purchased a new stake in Generac in the first quarter worth $39,000. Quadrant Capital Group LLC purchased a new stake in Generac in the first quarter worth $52,000. Steward Partners Investment Advisory LLC purchased a new stake in Generac in the second quarter worth $76,000. Finally, Quantamental Technologies LLC grew its stake in Generac by 1,662.9% in the first quarter. Quantamental Technologies LLC now owns 2,944 shares of the technology company’s stock worth $151,000 after purchasing an additional 2,777 shares during the period. 94.54% of the stock is currently owned by hedge funds and other institutional investors.

Generac stock traded up $1.85 during mid-day trading on Friday, hitting $73.77. The company had a trading volume of 584,200 shares, compared to its average volume of 497,642. The company has a current ratio of 2.19, a quick ratio of 1.00 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $71.53 and its two-hundred day moving average price is $59.64. Generac Holdings Inc. has a 12 month low of $45.43 and a 12 month high of $74.19. The company has a market capitalization of $4.49 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23.

Generac (NYSE:GNRC) last released its earnings results on Thursday, August 1st. The technology company reported $1.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.12. Generac had a return on equity of 38.99% and a net margin of 12.09%. The business had revenue of $541.90 million for the quarter, compared to the consensus estimate of $538.96 million. During the same period in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 4.73 EPS for the current year.

In other Generac news, EVP Erik Wilde sold 7,587 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $71.44, for a total value of $542,015.28. Following the sale, the executive vice president now directly owns 11,196 shares of the company’s stock, valued at $799,842.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $55.86, for a total value of $1,117,200.00. Following the completion of the sale, the chief executive officer now directly owns 681,043 shares in the company, valued at $38,043,061.98. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

GNRC has been the topic of several recent research reports. Zacks Investment Research raised Generac from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Tuesday, August 6th. Bank of America reaffirmed a “buy” rating and issued a $83.00 price target (up from $75.00) on shares of Generac in a research note on Thursday, June 27th. ValuEngine cut Generac from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird raised Generac from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $64.00 to $86.00 in a research note on Monday, July 1st. Finally, Northcoast Research raised Generac from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.83.

Generac Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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