King Luther Capital Management Corp Has $76.63 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

King Luther Capital Management Corp reduced its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 482,297 shares of the technology company's stock after selling 8,285 shares during the quarter. King Luther Capital Management Corp owned about 0.80% of Generac worth $76,627,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in GNRC. EntryPoint Capital LLC grew its stake in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock valued at $27,000 after buying an additional 90 shares during the period. Sunbelt Securities Inc. grew its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares during the period. SouthState Corp bought a new stake in shares of Generac during the third quarter valued at approximately $32,000. Capital Advisors Ltd. LLC raised its position in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after purchasing an additional 220 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after purchasing an additional 97 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Price Performance

Shares of GNRC stock opened at $180.19 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The firm has a fifty day moving average of $165.55 and a two-hundred day moving average of $152.66. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The firm has a market cap of $10.72 billion, a P/E ratio of 37.38, a P/E/G ratio of 2.20 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion during 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 firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $1.64 EPS. As a group, research analysts anticipate that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares of the company's stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,268 shares of company stock worth $7,584,853. Corporate insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Northland Securities raised their price target on shares of Generac from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. TD Cowen lifted their price target on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Roth Mkm increased their price objective on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $174.05.

Generac 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.

Want to see what other hedge funds are holding GNRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Generac Holdings Inc. (NYSE:GNRC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.