Pitcairn Co. Sells 8,233 Shares of Generac Holdings Inc. (NYSE:GNRC)

Pitcairn Co. trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 37.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,479 shares of the technology company's stock after selling 8,233 shares during the period. Pitcairn Co.'s holdings in Generac were worth $2,142,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Empirical Finance LLC grew its holdings in Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after acquiring an additional 66 shares in the last quarter. Duncker Streett & Co. Inc. grew its holdings in Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company's stock worth $388,000 after acquiring an additional 68 shares in the last quarter. Johnson Investment Counsel Inc. grew its holdings in Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock worth $2,981,000 after acquiring an additional 75 shares in the last quarter. Nicollet Investment Management Inc. grew its holdings in Generac by 1.1% during the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock worth $1,250,000 after acquiring an additional 82 shares in the last quarter. Finally, EntryPoint Capital LLC grew its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at $1,971,282.04. The trade was a 22.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,268 shares of company stock worth $7,584,853. 2.90% of the stock is owned by insiders.

Generac Stock Performance

Shares of Generac stock traded up $5.56 on Friday, reaching $189.08. The stock had a trading volume of 859,380 shares, compared to its average volume of 915,131. The business's 50-day moving average price is $168.12 and its two-hundred day moving average price is $153.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The stock has a market cap of $11.25 billion, a P/E ratio of 39.23, a price-to-earnings-growth ratio of 2.25 and a beta of 1.37.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same period in the previous year, the company earned $1.64 earnings per share. Generac's revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current year.

Analysts Set New Price Targets

GNRC has been the subject of several recent analyst reports. Robert W. Baird decreased their price objective on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a report on Friday, November 1st. StockNews.com raised shares of Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Canaccord Genuity Group boosted their price target on shares of Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Stephens restated an "overweight" rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Finally, Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $174.58.

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.