National Bank of Canada FI Grows Position in Generac Holdings Inc. (NYSE:GNRC)

National Bank of Canada FI boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 44.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,704 shares of the technology company's stock after purchasing an additional 13,786 shares during the period. National Bank of Canada FI owned about 0.08% of Generac worth $7,103,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in shares of Generac by 97.1% during 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. Brooklyn Investment Group bought a new position in Generac in the third quarter valued at about $31,000. SouthState Corp acquired a new stake in shares of Generac during the third quarter valued at about $32,000. Capital Advisors Ltd. LLC grew its holdings 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 last quarter. Finally, Blue Trust Inc. increased its stake in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Activity at Generac

In other Generac news, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction 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 approximately $25,051,789.49. The trade was a 17.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup lifted their target price on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Truist Financial raised their target price on Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group upped their price target on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Roth Mkm lifted 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, Piper Sandler increased 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $175.30.

Generac Stock Up 1.1 %

Shares of GNRC stock traded up $1.84 on Thursday, reaching $173.62. 475,945 shares of the company were exchanged, compared to its average volume of 933,214. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.18 and a beta of 1.39. The company has a 50-day moving average of $177.02 and a 200-day moving average of $157.11. 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 (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The business 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.64 earnings per share. Analysts anticipate that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

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.