Martin Capital Advisors LLP Takes $249,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Martin Capital Advisors LLP purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,930 shares of the technology company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Generac during the 3rd quarter worth $28,000. BKM Wealth Management LLC bought a new position in shares of Generac during the fourth quarter worth about $28,000. Castleview Partners LLC acquired a new position in shares of Generac in the first quarter worth approximately $30,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in Generac in the first quarter valued at approximately $35,000. Finally, ORG Partners LLC acquired a new stake in Generac during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GNRC shares. Roth Mkm upped their price objective on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Guggenheim downgraded Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Canaccord Genuity Group boosted their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Citigroup upped their target price on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, Canaccord Genuity Group lifted their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.80.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were 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 directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Generac Stock Up 1.3 %

GNRC stock traded up $1.68 during mid-day trading on Friday, reaching $135.15. 1,835,914 shares of the company traded hands, compared to its average volume of 1,038,932. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average price is $121.05 and its 200 day moving average price is $115.66. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 41.08, a P/E/G ratio of 1.72 and a beta of 1.45. Generac Holdings Inc. has a fifty-two week low of $79.86 and a fifty-two week high of $156.95.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $1.78 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

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.