Quest Partners LLC Grows Position in Generac Holdings Inc. (NYSE:GNRC)

Quest Partners LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 655,600.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,557 shares of the technology company's stock after purchasing an additional 6,556 shares during the quarter. Quest Partners LLC's holdings in Generac were worth $1,042,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in shares of Generac by 63.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,006 shares of the technology company's stock worth $637,000 after purchasing an additional 1,560 shares in the last quarter. Natixis Advisors LLC raised its holdings in Generac by 36.4% in the 3rd quarter. Natixis Advisors LLC now owns 19,813 shares of the technology company's stock valued at $3,148,000 after acquiring an additional 5,286 shares during the last quarter. Nicollet Investment Management Inc. increased its holdings in shares of Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock valued at $1,250,000 after purchasing an additional 82 shares during the last quarter. Empirical Finance LLC grew its holdings in Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock valued at $268,000 after buying an additional 66 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Generac by 7.4% in the 3rd quarter. CIBC Asset Management Inc now owns 8,401 shares of the technology company's stock worth $1,335,000 after acquiring an additional 579 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Up 2.7 %

NYSE GNRC traded up $4.81 during trading on Thursday, reaching $185.00. 111,824 shares of the company's stock were exchanged, compared to its average volume of 948,663. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The stock has a market cap of $11.01 billion, a P/E ratio of 37.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The company has a 50 day moving average price of $165.55 and a two-hundred day moving average price of $152.66.

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 (EPS) 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $1.64 earnings per share. The business's quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GNRC shares. Truist Financial upped their price objective on shares of Generac from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Canaccord Genuity Group upped their price objective on Generac from $177.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, August 1st. StockNews.com raised Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. Finally, The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.05.

Insiders Place Their Bets

In other news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction dated 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 owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,584,853 over the last quarter. Company insiders own 2.90% 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.