Thrivent Financial for Lutherans Acquires 1,560 Shares of Generac Holdings Inc. (NYSE:GNRC)

Thrivent Financial for Lutherans raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 63.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,006 shares of the technology company’s stock after acquiring an additional 1,560 shares during the period. Thrivent Financial for Lutherans’ holdings in Generac were worth $637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. Cetera Advisors LLC grew its holdings in shares of Generac by 47.8% in the 1st quarter. Cetera Advisors LLC now owns 6,534 shares of the technology company’s stock valued at $824,000 after buying an additional 2,114 shares during the period. GAMMA Investing LLC boosted its stake in Generac by 95.7% in the 2nd quarter. GAMMA Investing LLC now owns 920 shares of the technology company’s stock worth $122,000 after purchasing an additional 450 shares during the period. Mather Group LLC. boosted its stake in Generac by 79.6% in the 2nd quarter. Mather Group LLC. now owns 1,435 shares of the technology company’s stock worth $181,000 after purchasing an additional 636 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in Generac in the 2nd quarter worth $293,000. Finally, Annex Advisory Services LLC boosted its stake in Generac by 17.3% in the 2nd quarter. Annex Advisory Services LLC now owns 69,210 shares of the technology company’s stock worth $9,151,000 after purchasing an additional 10,211 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

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

Generac Stock Down 2.3 %

Generac stock opened at $182.59 on Thursday. The stock has a market cap of $10.86 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.30 and a beta of 1.39. 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 Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The company’s 50-day moving average price is $175.16 and its two-hundred day moving average price is $156.21.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) 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 firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $1.64 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, analysts expect that Generac Holdings Inc. will post 6.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GNRC. Stifel Nicolaus upped their target price on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays began coverage on shares of Generac in a research report on Wednesday. They set an “equal weight” rating and a $189.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average price target of $175.30.

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.