Dillon & Associates Inc. lessened its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 19.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 12,621 shares of the technology company's stock after selling 3,123 shares during the period. Dillon & Associates Inc.'s holdings in Generac were worth $2,007,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. William Blair Investment Management LLC bought a new stake in Generac in the 2nd quarter valued at $98,282,000. International Assets Investment Management LLC lifted its position in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after buying an additional 266,026 shares in the last quarter. Stephens Investment Management Group LLC boosted its stake in Generac by 678.5% during the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after buying an additional 167,641 shares during the last quarter. Blair William & Co. IL grew its holdings in Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company's stock valued at $60,487,000 after buying an additional 103,439 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Generac by 21.4% in the 2nd quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company's stock worth $55,548,000 after acquiring an additional 74,115 shares during the last quarter. 84.04% of the stock is owned by institutional investors.
Generac Stock Up 1.6 %
Shares of NYSE GNRC traded up $2.98 during midday trading on Wednesday, reaching $193.30. 351,780 shares of the company's stock traded hands, compared to its average volume of 954,905. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.33 and a beta of 1.37. Generac Holdings Inc. has a one year low of $106.72 and a one year 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. The stock's 50 day simple moving average is $161.47 and its 200-day simple moving average is $150.85.
Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business's revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.64 EPS. On average, analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.
Wall Street Analyst Weigh In
GNRC has been the subject of a number of recent research reports. Stifel Nicolaus reissued a "buy" rating and issued a $175.00 target price (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Scotiabank lifted their price target on Generac from $147.00 to $160.00 and gave the stock a "sector perform" rating in a research report on Monday, July 29th. Northland Securities raised their price objective on Generac from $160.00 to $180.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Canaccord Genuity Group increased their price target on Generac from $177.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, 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. One 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. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $169.10.
Check Out Our Latest Research Report on GNRC
Insider Transactions at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares of the company's stock, valued at $92,825,688.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly 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 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 in the last 90 days. Insiders own 2.90% of the company's stock.
About Generac
(
Free Report)
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.
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