Bank of Montreal Can Sells 12,481 Shares of Generac Holdings Inc. (NYSE:GNRC)

Bank of Montreal Can lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 12.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 85,136 shares of the technology company's stock after selling 12,481 shares during the period. Bank of Montreal Can owned 0.14% of Generac worth $13,182,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. Truvestments Capital LLC bought a new stake in Generac in the third quarter valued at about $119,000. Dynamic Technology Lab Private Ltd grew its position in shares of Generac by 77.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 2,753 shares of the technology company's stock worth $437,000 after buying an additional 1,201 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Generac by 194.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,175 shares of the technology company's stock valued at $1,140,000 after acquiring an additional 4,738 shares during the last quarter. Cerity Partners LLC raised its position in shares of Generac by 0.4% in the 3rd quarter. Cerity Partners LLC now owns 49,984 shares of the technology company's stock valued at $7,941,000 after acquiring an additional 176 shares during the period. Finally, Icon Wealth Advisors LLC boosted its stake in Generac by 2,060.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 18,191 shares of the technology company's stock worth $2,890,000 after acquiring an additional 17,349 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Stock Performance

NYSE GNRC traded down $2.20 on Friday, hitting $188.20. 309,723 shares of the stock were exchanged, compared to its average volume of 823,221. The company has a market capitalization of $11.20 billion, a PE ratio of 39.05, a P/E/G ratio of 2.31 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business's fifty day moving average is $172.92 and its 200 day moving average is $155.42. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. Generac's quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts anticipate that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,268 shares of company stock worth $7,584,853. 2.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GNRC. Stifel Nicolaus increased their target price on shares of Generac from $185.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Roth Mkm boosted their target price on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. TD Cowen lifted their price objective on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Piper Sandler increased their target price on Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $174.58.

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.