Kampmann Melissa S. Raises Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Kampmann Melissa S. grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 23.3% during the second quarter, HoldingsChannel.com reports. The fund owned 14,170 shares of the technology company’s stock after buying an additional 2,675 shares during the quarter. Kampmann Melissa S.’s holdings in Generac were worth $1,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GNRC. Duncker Streett & Co. Inc. lifted its position in Generac by 2.4% during the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after purchasing an additional 68 shares during the period. Empirical Finance LLC lifted its holdings in shares of Generac by 4.5% during the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after buying an additional 75 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of Generac by 0.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after buying an additional 75 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the period. Finally, American International Group Inc. increased its position in Generac by 0.6% during the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on GNRC shares. Robert W. Baird raised their target price on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Roth Mkm raised their price objective on shares of Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 target price on shares of Generac in a report on Tuesday, September 24th. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. Finally, Scotiabank upped their price objective on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.71.

Generac Price Performance

GNRC stock opened at $154.84 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The company’s fifty day moving average price is $148.58 and its 200-day moving average price is $140.96. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $169.57. The company has a market capitalization of $9.39 billion, a PE ratio of 42.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million for the quarter, compared to analysts’ expectations of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 EPS. On average, equities analysts anticipate that Generac Holdings Inc. will post 6.5 EPS for the current fiscal year.

About Generac

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.