International Assets Investment Management LLC Increases Holdings in Generac Holdings Inc. (NYSE:GNRC)

International Assets Investment Management LLC grew its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 25,311.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 267,077 shares of the technology company's stock after acquiring an additional 266,026 shares during the period. International Assets Investment Management LLC owned 0.44% of Generac worth $42,433,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GNRC. Capital World Investors grew its stake in Generac by 2.1% in the first 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 period. William Blair Investment Management LLC acquired a new stake in Generac in the 2nd quarter valued at $98,282,000. Dimensional Fund Advisors LP grew its position 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 period. Ninety One UK Ltd raised its holdings in Generac by 0.7% during the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company's stock worth $68,720,000 after buying an additional 3,849 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company's stock valued at $60,487,000 after buying an additional 103,439 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

GNRC stock traded up $1.25 during midday trading on Monday, reaching $165.65. The company had a trading volume of 498,108 shares, compared to its average volume of 949,486. The firm has a 50-day moving average price of $155.89 and a 200-day moving average price of $147.20. The company has a market capitalization of $10.04 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.15 and a beta of 1.38. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $176.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. On average, research analysts anticipate that Generac Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price target on Generac from $177.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. StockNews.com downgraded Generac from a "buy" rating to a "hold" rating in a report on Thursday, October 3rd. Stifel Nicolaus reaffirmed a "buy" rating and set a $175.00 price objective (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Stephens reiterated an "overweight" rating and issued a $200.00 target price on shares of Generac in a report on Monday, August 5th. Finally, Piper Sandler lifted their target price on shares of Generac from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $165.40.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by insiders.

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.