Quadrature Capital Ltd Sells 12,981 Shares of Generac Holdings Inc. (NYSE:GNRC)

Quadrature Capital Ltd cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 66.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,542 shares of the technology company's stock after selling 12,981 shares during the quarter. Quadrature Capital Ltd's holdings in Generac were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Trust N.A. increased its stake 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 worth $541,000 after acquiring an additional 1,177 shares during the period. Willis Investment Counsel raised 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 lifted its position in Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock worth $928,000 after purchasing an additional 3,244 shares during the period. Principal Financial Group Inc. grew its stake in Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock worth $11,324,000 after buying an additional 3,426 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV acquired a new position in shares of Generac in the 3rd quarter valued at approximately $3,742,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Roth Mkm raised their target price on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. TD Cowen boosted their target price on Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Robert W. Baird reduced their price target on shares of Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Piper Sandler raised their target price 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, 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 report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.30.

Generac Stock Down 0.4 %

Shares of Generac stock traded down $0.76 during trading hours on Friday, reaching $179.22. The company's stock had a trading volume of 554,220 shares, compared to its average volume of 654,075. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a market capitalization of $10.66 billion, a P/E ratio of 37.18, a P/E/G ratio of 2.22 and a beta of 1.39. The stock's fifty day simple moving average is $176.21 and its two-hundred day simple moving average is $156.59.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $1.64 earnings per share. On average, research analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,268 shares of company stock valued at $7,584,853. Corporate insiders own 2.90% of the company's stock.

About Generac

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.