First Dallas Securities Inc. Purchases 3,450 Shares of Generac Holdings Inc. (NYSE:GNRC)

First Dallas Securities Inc. grew its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 14.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,475 shares of the technology company's stock after acquiring an additional 3,450 shares during the period. Generac accounts for about 1.8% of First Dallas Securities Inc.'s investment portfolio, making the stock its 12th biggest position. First Dallas Securities Inc.'s holdings in Generac were worth $4,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Raymond James Trust N.A. lifted its position in Generac by 52.8% during the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after purchasing an additional 1,177 shares during the period. Willis Investment Counsel increased its stake in Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock valued at $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Generac by 85.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock worth $928,000 after buying an additional 3,244 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock valued at $11,324,000 after purchasing an additional 3,426 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Generac during the third quarter worth $3,742,000. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. TD Cowen boosted their price target on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. StockNews.com raised Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Roth Mkm upped their price target on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised their price target on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,584,853 in the last ninety days. 2.90% of the stock is owned by company insiders.

Generac Stock Performance

Shares of NYSE:GNRC traded down $5.56 on Tuesday, hitting $171.35. The company had a trading volume of 806,565 shares, compared to its average volume of 936,517. The stock has a 50 day moving average price of $176.57 and a 200 day moving average price of $156.85. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 2.18 and a beta of 1.39. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm 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. The business's revenue was up 9.6% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 6.84 EPS 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.