Minneapolis Portfolio Management Group LLC Lowers Holdings in Generac Holdings Inc. (NYSE:GNRC)

Minneapolis Portfolio Management Group LLC lessened its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 170,958 shares of the technology company's stock after selling 3,534 shares during the period. Generac accounts for approximately 3.5% of Minneapolis Portfolio Management Group LLC's holdings, making the stock its 15th biggest position. Minneapolis Portfolio Management Group LLC owned about 0.28% of Generac worth $27,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. lifted its holdings in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company's stock worth $388,000 after buying an additional 68 shares in the last quarter. Empirical Finance LLC lifted its stake in Generac by 4.5% in the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company's stock worth $220,000 after purchasing an additional 75 shares in the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock valued at $2,981,000 after purchasing an additional 75 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Generac by 6.5% in the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company's stock worth $243,000 after purchasing an additional 93 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent research reports. Scotiabank upped their price target on shares of Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a research note on Monday, July 29th. Piper Sandler upped their target price on shares of Generac from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Citigroup lifted their price target on Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Stephens restated an "overweight" rating and set a $200.00 price objective on shares of Generac in a research report on Monday, August 5th. Finally, StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $169.10.

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 value of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by insiders.

Generac Stock Up 2.0 %

GNRC stock traded up $3.36 during trading on Friday, reaching $168.91. 1,045,469 shares of the company traded hands, compared to its average volume of 900,352. The business has a 50 day simple moving average of $157.17 and a 200 day simple moving average of $148.43. Generac Holdings Inc. has a 12 month low of $98.27 and a 12 month high of $176.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.03. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 2.13 and a beta of 1.37.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $1.64 EPS. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

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.