Oppenheimer Asset Management Inc. Has $1.69 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Oppenheimer Asset Management Inc. increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 181.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,650 shares of the technology company's stock after purchasing an additional 6,872 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Generac were worth $1,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Pinnacle Financial Partners Inc grew its holdings in Generac by 3.8% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 49,446 shares of the technology company's stock worth $7,856,000 after acquiring an additional 1,826 shares during the period. Chase Investment Counsel Corp acquired a new stake in Generac during the 3rd quarter worth $4,285,000. Barnett & Company Inc. grew its holdings in Generac by 18.8% during the 3rd quarter. Barnett & Company Inc. now owns 21,525 shares of the technology company's stock worth $3,420,000 after acquiring an additional 3,400 shares during the period. Aigen Investment Management LP acquired a new stake in Generac during the 3rd quarter worth $358,000. Finally, Meridian Management Co. grew its holdings in Generac by 1.0% during the 3rd quarter. Meridian Management Co. now owns 33,934 shares of the technology company's stock worth $5,391,000 after acquiring an additional 334 shares during the period. Institutional investors own 84.04% of the company's stock.

Insider Activity

In related news, CFO York A. Ragen sold 29,081 shares of the company's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on GNRC. Robert W. Baird lowered their target price on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Scotiabank boosted their price target on shares of Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price target on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $175.00 price target (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and an average price target of $172.21.

Generac Stock Up 0.1 %

NYSE:GNRC traded up $0.13 on Monday, hitting $181.95. 464,510 shares of the company's stock were exchanged, compared to its average volume of 954,280. The firm has a 50-day moving average price of $164.01 and a 200-day moving average price of $151.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a market cap of $10.83 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.64 EPS. As a group, analysts expect that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

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.