Kampmann Melissa S. Buys 2,695 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kampmann Melissa S. increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 19.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,865 shares of the technology company's stock after purchasing an additional 2,695 shares during the period. Generac accounts for 1.9% of Kampmann Melissa S.'s investment portfolio, making the stock its 29th largest position. Kampmann Melissa S.'s holdings in Generac were worth $2,680,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Blue Trust Inc. increased its position in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after purchasing an additional 97 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock valued at $34,000 after purchasing an additional 220 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insiders Place Their Bets

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at approximately $1,971,282.04. 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 accessible through this link. In related news, CFO York A. Ragen sold 29,081 shares of Generac 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 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 legal filing with the SEC, which is available at this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company's stock, valued at $1,971,282.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,268 shares of company stock valued at $7,584,853. Corporate insiders own 2.90% of the company's stock.

Generac Stock Up 1.4 %

NYSE:GNRC traded up $2.64 during trading hours on Friday, reaching $189.35. 852,525 shares of the company traded hands, compared to its average volume of 913,033. The business's 50-day moving average price is $159.83 and its two-hundred day moving average price is $150.10. The stock has a market capitalization of $11.27 billion, a P/E ratio of 39.28, a P/E/G ratio of 2.25 and a beta of 1.37. Generac Holdings Inc. has a 1 year low of $101.15 and a 1 year high of $190.42. 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 (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. The business 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 quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.64 earnings per share. Analysts predict that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GNRC. Truist Financial increased their price objective on Generac from $170.00 to $210.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Roth Mkm raised their price target on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Piper Sandler raised their price target on Generac from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Stephens restated an "overweight" rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Finally, Canaccord Genuity Group raised their price target on Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. One investment 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. According to MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $169.10.

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.