Vontobel Holding Ltd. Has $879,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Vontobel Holding Ltd. reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,533 shares of the technology company’s stock after selling 430 shares during the quarter. Vontobel Holding Ltd.’s holdings in Generac were worth $879,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC increased 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 purchasing an additional 90 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC increased its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in Generac during the 2nd quarter worth approximately $38,000. Finally, ORG Partners LLC bought a new stake in Generac during the 2nd quarter worth approximately $39,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the transaction, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stephens restated an “overweight” rating and issued a $200.00 target price on shares of Generac in a research note on Monday, August 5th. The Goldman Sachs Group lifted their price target on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Robert W. Baird upped their price objective on Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Northland Securities lifted their target price on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of “Hold” and a consensus target price of $162.45.

Generac Stock Down 0.7 %

GNRC opened at $167.28 on Monday. The firm has a market capitalization of $10.14 billion, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $176.14. The company has a fifty day moving average price of $153.90 and a 200-day moving average price of $146.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company earned $1.08 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Generac Holdings Inc. will post 6.47 earnings per share for the current fiscal year.

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.