Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Disciplined Growth Investors Inc. MN

Disciplined Growth Investors Inc. MN grew its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 385,584 shares of the technology company's stock after acquiring an additional 20,576 shares during the period. Generac comprises 1.2% of Disciplined Growth Investors Inc. MN's holdings, making the stock its 28th biggest position. Disciplined Growth Investors Inc. MN owned about 0.65% of Generac worth $61,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Czech National Bank boosted its holdings in Generac by 6.9% during the second quarter. Czech National Bank now owns 11,551 shares of the technology company's stock worth $1,527,000 after buying an additional 744 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Generac by 13.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,661 shares of the technology company's stock worth $748,000 after purchasing an additional 693 shares during the period. ORG Partners LLC purchased a new position in Generac during the second quarter worth approximately $39,000. 180 Wealth Advisors LLC acquired a new stake in Generac in the second quarter valued at approximately $417,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Generac by 11.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 9,648 shares of the technology company's stock valued at $1,276,000 after buying an additional 1,019 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 in the last ninety days. 2.90% of the stock is owned by corporate insiders.

Generac Trading Down 2.5 %

GNRC stock traded down $4.38 during mid-day trading on Tuesday, hitting $172.53. 475,563 shares of the company were exchanged, compared to its average volume of 934,935. The business has a fifty day simple moving average of $176.57 and a 200-day simple moving average of $156.85. The firm has a market capitalization of $10.27 billion, a P/E ratio of 36.69, a PEG ratio of 2.18 and a beta of 1.39. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. On average, equities research analysts predict that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. The Goldman Sachs Group upped their price target on shares of Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Citigroup lifted their price objective on Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price objective for the company. Finally, Piper Sandler lifted their price target on Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, Generac has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

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.