Dakota Wealth Management Grows Position in Generac Holdings Inc. (NYSE:GNRC)

Dakota Wealth Management boosted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1,402.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,801 shares of the technology company's stock after buying an additional 28,751 shares during the period. Dakota Wealth Management owned 0.05% of Generac worth $4,894,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GNRC. Capital World Investors boosted its position in shares of Generac by 2.1% during the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company's stock valued at $155,207,000 after acquiring an additional 25,646 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Generac during the second quarter worth about $98,282,000. Dimensional Fund Advisors LP boosted its holdings in Generac by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company's stock valued at $92,941,000 after purchasing an additional 35,026 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Generac by 0.7% in the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company's stock valued at $68,720,000 after buying an additional 3,849 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company's stock worth $60,487,000 after buying an additional 103,439 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Generac Stock Down 1.0 %

Shares of GNRC traded down $1.65 during midday trading on Friday, hitting $164.40. The company had a trading volume of 515,470 shares, compared to its average volume of 928,932. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $176.14. The firm has a market capitalization of $9.89 billion, a P/E ratio of 42.15, a P/E/G ratio of 2.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The company's 50-day simple moving average is $155.89 and its 200-day simple moving average is $147.13.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $1.08 earnings per share. The firm's quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that Generac Holdings Inc. will post 6.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GNRC. Roth Mkm increased their price objective on Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday. Stephens reiterated an "overweight" rating and set a $200.00 price target on shares of Generac in a report on Monday, August 5th. Robert W. Baird boosted their price objective on shares of Generac from $142.00 to $163.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Wells Fargo & Company increased their target price on shares of Generac from $139.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 1st. Finally, Northland Securities lifted 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Generac has an average rating of "Hold" and an average target price of $165.40.

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.