Galibier Capital Management Ltd. Reduces Position in Generac Holdings Inc. (NYSE:GNRC)

Galibier Capital Management Ltd. reduced its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 50.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,611 shares of the technology company's stock after selling 10,752 shares during the quarter. Generac accounts for about 0.4% of Galibier Capital Management Ltd.'s holdings, making the stock its 22nd largest holding. Galibier Capital Management Ltd.'s holdings in Generac were worth $1,686,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. DAVENPORT & Co LLC raised its holdings in Generac by 831.1% during the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company's stock valued at $30,288,000 after buying an additional 214,322 shares during the last quarter. Willis Investment Counsel increased its stake in shares of Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock valued at $16,684,000 after buying an additional 16,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock valued at $928,000 after acquiring an additional 3,244 shares in the last quarter. Epoch Investment Partners Inc. purchased a new stake in Generac in the first quarter worth $1,053,000. Finally, Nwam LLC boosted its holdings in Generac by 135.8% in the first quarter. Nwam LLC now owns 5,629 shares of the technology company's stock valued at $768,000 after acquiring an additional 3,242 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Trading Down 0.9 %

Shares of NYSE GNRC traded down $1.56 during midday trading on Wednesday, hitting $164.04. The company's stock had a trading volume of 554,260 shares, compared to its average volume of 945,944. Generac Holdings Inc. has a 12-month low of $81.62 and a 12-month high of $176.14. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. The firm has a market cap of $9.94 billion, a P/E ratio of 45.42, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The business's 50 day moving average is $156.37 and its two-hundred day moving average is $147.65.

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

Analyst Ratings Changes

Several research firms have recently commented on GNRC. Robert W. Baird raised their target price on shares of Generac from $142.00 to $163.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Citigroup upped their price target on Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Stephens restated an "overweight" rating and set a $200.00 target price on shares of Generac in a report on Monday, August 5th. Northland Securities lifted their target price on shares of Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company increased their price target on Generac from $139.00 to $156.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. One research 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $165.40.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company's stock.

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.