Impax Asset Management Group plc Sells 29,646 Shares of Generac Holdings Inc. (NYSE:GNRC)

Impax Asset Management Group plc trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 936,142 shares of the technology company's stock after selling 29,646 shares during the period. Impax Asset Management Group plc owned about 1.54% of Generac worth $147,858,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in Generac by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 13,328 shares of the technology company's stock valued at $1,681,000 after purchasing an additional 344 shares during the period. Daiwa Securities Group Inc. raised its position in Generac by 22.8% during the first quarter. Daiwa Securities Group Inc. now owns 2,022 shares of the technology company's stock valued at $255,000 after buying an additional 376 shares during the period. DAVENPORT & Co LLC lifted its stake in Generac by 831.1% in the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company's stock worth $30,288,000 after acquiring an additional 214,322 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in Generac by 2.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,690 shares of the technology company's stock worth $1,601,000 after acquiring an additional 287 shares during the period. Finally, Empirical Finance LLC grew its stake in Generac by 4.5% during the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company's stock valued at $220,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

NYSE:GNRC traded up $11.06 during mid-day trading on Tuesday, hitting $181.80. 1,680,094 shares of the company's stock traded hands, compared to its average volume of 954,243. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $157.94 and a two-hundred day moving average of $149.02. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 37.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. Generac Holdings Inc. has a 12 month low of $100.23 and a 12 month high of $182.31.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.64 earnings per share. On average, equities analysts forecast that Generac Holdings Inc. will post 6.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GNRC. Citigroup increased their price target 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 increased their target price on shares of Generac from $170.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Piper Sandler boosted their price target on shares of Generac from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on Generac from $139.00 to $156.00 and gave the stock an "equal weight" rating in a report on Thursday, August 1st. Finally, StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $169.10.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This 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 this hyperlink. Corporate insiders own 2.90% of the company's stock.

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.