MML Investors Services LLC Has $806,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

MML Investors Services LLC trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 60.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,070 shares of the technology company's stock after selling 7,794 shares during the period. MML Investors Services LLC's holdings in Generac were worth $806,000 as of its most recent SEC filing.

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

Generac Price Performance

GNRC traded up $0.14 during trading on Friday, hitting $156.26. The company's stock had a trading volume of 1,398,611 shares, compared to its average volume of 930,552. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The firm's 50 day moving average price is $176.38 and its two-hundred day moving average price is $157.80. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 2.09 and a beta of 1.39. The company has a quick ratio of 0.96, a current ratio of 2.03 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 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $1.64 EPS. The business's quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts forecast that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated 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 in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,268 shares of company stock worth $7,584,853. Company insiders own 2.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on shares of Generac from $185.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. Truist Financial upped their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Barclays began coverage on shares of Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price on the stock. Finally, Citigroup raised their price target on Generac from $128.00 to $172.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.30.

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.