Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Holocene Advisors LP

Holocene Advisors LP trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 96.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,226 shares of the technology company's stock after selling 1,081,413 shares during the quarter. Holocene Advisors LP owned about 0.07% of Generac worth $6,232,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GNRC. William Blair Investment Management LLC purchased a new stake in Generac in the 2nd quarter valued at about $98,282,000. The Manufacturers Life Insurance Company raised its stake in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after acquiring an additional 299,205 shares during the period. Jennison Associates LLC acquired a new position in shares of Generac in the 3rd quarter worth approximately $45,722,000. International Assets Investment Management LLC boosted its position in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock worth $42,433,000 after purchasing an additional 266,026 shares during the period. Finally, Stephens Investment Management Group LLC increased its holdings in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after purchasing an additional 167,641 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on GNRC. Truist Financial upped their price target on Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Roth Mkm lifted their target price on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Barclays started coverage on shares of Generac in a research report on Wednesday. They set an "equal weight" rating and a $189.00 price target on the stock. TD Cowen lifted their price objective on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Piper Sandler raised 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Generac Stock Performance

Shares of GNRC stock traded down $2.57 during mid-day trading on Thursday, hitting $180.00. 567,267 shares of the stock were exchanged, compared to its average volume of 936,785. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 37.88, a P/E/G ratio of 2.29 and a beta of 1.39. The stock's fifty day simple moving average is $175.16 and its two-hundred day simple moving average is $156.21.

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

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value 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 approximately $1,971,282.04. The trade was a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,584,853 in the last 90 days. Company insiders own 2.90% of the company's stock.

Generac Company 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.