Barnett & Company Inc. Has $3.42 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

Barnett & Company Inc. grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,525 shares of the technology company's stock after buying an additional 3,400 shares during the period. Generac accounts for approximately 2.3% of Barnett & Company Inc.'s holdings, making the stock its 13th biggest holding. Barnett & Company Inc.'s holdings in Generac were worth $3,420,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. EntryPoint Capital LLC boosted its position 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 buying an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after buying an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock valued at $34,000 after buying an additional 220 shares during the last quarter. Blue Trust Inc. boosted its position in Generac by 73.5% in the 3rd 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 in the 2nd quarter valued at about $38,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at $1,971,282.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,268 shares of company stock worth $7,584,853. 2.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GNRC shares. Roth Mkm increased their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus reiterated a "buy" rating and set a $175.00 price objective (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Canaccord Genuity Group increased their price objective on shares of Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Truist Financial increased their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $169.10.

Generac Price Performance

GNRC stock traded down $4.79 during trading on Tuesday, hitting $190.32. 615,675 shares of the stock traded hands, compared to its average volume of 957,657. Generac Holdings Inc. has a one year low of $102.23 and a one year high of $195.94. The stock has a market cap of $11.32 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 2.32 and a beta of 1.37. The company has a 50 day simple moving average of $161.47 and a 200 day simple moving average of $150.85. 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 announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. The company's revenue was up 9.6% on a year-over-year basis. Equities analysts expect that Generac Holdings Inc. will post 6.8 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.