Versor Investments LP Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Versor Investments LP purchased a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,471 shares of the technology company's stock, valued at approximately $1,823,000.

Several other hedge funds also recently added to or reduced their stakes in GNRC. Willis Investment Counsel grew its stake in shares of Generac by 18.7% in 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Generac by 85.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock worth $928,000 after buying an additional 3,244 shares during the period. Epoch Investment Partners Inc. purchased a new position in Generac in the first quarter valued at about $1,053,000. Nwam LLC boosted its stake in shares of Generac by 135.8% during the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company's stock valued at $768,000 after buying an additional 3,242 shares during the last quarter. Finally, Natixis increased its stake in shares of Generac by 716.5% in the first quarter. Natixis now owns 1,135 shares of the technology company's stock worth $143,000 after buying an additional 996 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GNRC. The Goldman Sachs Group raised their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Stephens reiterated an "overweight" rating and issued a $200.00 price target on shares of Generac in a research note on Monday, August 5th. TD Cowen upped their price objective on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their target price on Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and a consensus price target of $169.10.

Generac Stock Performance

Generac stock traded up $5.84 during mid-day trading on Monday, hitting $195.19. 746,587 shares of the company's stock traded hands, compared to its average volume of 959,219. Generac Holdings Inc. has a one year low of $102.23 and a one year high of $195.94. The company has a market cap of $11.61 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37. The firm has a 50 day moving average price of $159.83 and a 200 day moving average price of $150.10. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

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, beating analysts' consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company's revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 earnings per share. On average, equities analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,268 shares of company stock valued at $7,584,853. Company 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.