Radnor Capital Management LLC Buys Shares of 6,846 Generac Holdings Inc. (NYSE:GNRC)

Radnor Capital Management LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,846 shares of the technology company's stock, valued at approximately $1,088,000.

Other hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC increased its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares in the last quarter. Blue Trust Inc. boosted its stake in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after buying an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in Generac during the 2nd quarter valued at approximately $38,000. Institutional investors own 84.04% of the company's stock.

Generac Trading Up 1.7 %

Shares of NYSE GNRC traded up $3.09 during mid-day trading on Thursday, reaching $186.59. The company had a trading volume of 1,014,280 shares, compared to its average volume of 960,697. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 38.71, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. Generac Holdings Inc. has a 52 week low of $101.15 and a 52 week high of $188.30. The business's 50-day moving average is $159.17 and its 200-day moving average is $149.52. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. The company's revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that Generac Holdings Inc. will post 6.76 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on GNRC shares. Robert W. Baird decreased their price objective on Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. StockNews.com raised shares of Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. The Goldman Sachs Group increased their price objective on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Citigroup boosted their target price on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Finally, TD Cowen increased their price target on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.10.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

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.