Y Intercept Hong Kong Ltd Takes $3.77 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Y Intercept Hong Kong Ltd bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,733 shares of the technology company's stock, valued at approximately $3,771,000.

Several other large investors have also recently bought and sold shares of the company. Hodges Capital Management Inc. raised its holdings in Generac by 86.9% in the 3rd quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company's stock valued at $26,418,000 after buying an additional 77,296 shares during the last quarter. Yaupon Capital Management LP increased its position in Generac by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 44,577 shares of the technology company's stock valued at $7,082,000 after acquiring an additional 6,477 shares during the period. National Bank of Canada FI raised its stake in shares of Generac by 44.6% during the third quarter. National Bank of Canada FI now owns 44,704 shares of the technology company's stock valued at $7,103,000 after acquiring an additional 13,786 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Generac by 7.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 38,164 shares of the technology company's stock worth $5,905,000 after purchasing an additional 2,550 shares during the last quarter. Finally, Temasek Holdings Private Ltd acquired a new stake in Generac in the third quarter valued at $3,469,000. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GNRC shares. StockNews.com upgraded Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their target price on shares of Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Robert W. Baird dropped their price target on shares of Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Barclays began coverage on shares of Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price objective for the company. Finally, Citigroup upped their price target on shares of Generac from $128.00 to $172.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $175.30.

Generac Stock Down 1.3 %

GNRC traded down $2.39 during midday trading on Monday, reaching $176.83. 1,385,754 shares of the company were exchanged, compared to its average volume of 937,065. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. 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's fifty day moving average price is $176.57 and its 200 day moving average price is $156.85. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.18 and a beta of 1.39.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.64 EPS. As a group, analysts expect that Generac Holdings Inc. will post 6.84 EPS for the current year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 sale, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 over the last ninety days. Corporate 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.