Barclays PLC Increases Position in Generac Holdings Inc. (NYSE:GNRC)

Barclays PLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 41.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 185,193 shares of the technology company's stock after purchasing an additional 54,202 shares during the period. Barclays PLC owned approximately 0.31% of Generac worth $29,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Generac during the 3rd quarter worth approximately $31,000. SouthState Corp bought a new stake in shares of Generac in the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. raised its stake in Generac by 97.1% during the second 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. Blue Trust Inc. raised its position in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Price Performance

GNRC traded down $6.37 on Friday, hitting $167.25. 1,042,999 shares of the company's stock traded hands, compared to its average volume of 933,671. The company's 50 day simple moving average is $177.48 and its 200-day simple moving average is $157.40. 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 Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.09 and a beta of 1.39.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $1.64 EPS. The company's revenue was up 9.6% on a year-over-year basis. As a group, research analysts anticipate that Generac Holdings Inc. will post 6.84 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Generac from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Roth Mkm lifted their price objective on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a report on Friday, November 1st. Piper Sandler upped their price target on shares of Generac from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's 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 sale, the chief executive officer now owns 557,177 shares of the company's stock, valued at $92,825,688.20. This represents a 0.89 % 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 company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now 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. In the last ninety days, insiders have sold 42,268 shares of company stock worth $7,584,853. Insiders own 2.90% of the company's stock.

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.