Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 194.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,175 shares of the technology company's stock after purchasing an additional 4,738 shares during the period. Daiwa Securities Group Inc.'s holdings in Generac were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GNRC. 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 valued at $27,000 after purchasing an additional 100 shares during the period. SouthState Corp acquired a new position in Generac in the 3rd quarter worth approximately $32,000. Capital Advisors Ltd. LLC raised its position in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares during the last quarter. Blue Trust Inc. lifted its stake in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after acquiring an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Generac in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In other news, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,584,853 over the last quarter. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on GNRC shares. Citigroup boosted their target price on shares of Generac from $128.00 to $172.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Piper Sandler boosted their price objective on Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Stephens reaffirmed an "overweight" rating and set a $200.00 target price on shares of Generac in a report on Monday, August 5th. StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Finally, Roth Mkm lifted their target price on shares of Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $174.58.

Generac Price Performance

Shares of GNRC traded down $2.20 during trading hours on Friday, hitting $188.20. 309,723 shares of the stock were exchanged, compared to its average volume of 941,503. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 39.05, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The stock's 50-day moving average price is $172.92 and its two-hundred day moving average price is $155.26. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.64 EPS. Research analysts expect that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Generac 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.