Generac Holdings Inc. (NYSE:GNRC) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,733 shares of the technology company’s stock after buying an additional 384 shares during the quarter. GAMMA Investing LLC’s holdings in Generac were worth $269,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its holdings in Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after acquiring an additional 1,177 shares during the period. Willis Investment Counsel increased its holdings in shares of Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Generac by 85.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares during the period. Principal Financial Group Inc. grew its position in Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after buying an additional 3,426 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in Generac by 54.1% in the third quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock valued at $1,904,000 after buying an additional 4,209 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 0.6 %

Shares of NYSE:GNRC opened at $160.98 on Wednesday. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $173.61 and a two-hundred day moving average of $159.57. The stock has a market cap of $9.58 billion, a P/E ratio of 33.40, a PEG ratio of 2.04 and a beta of 1.42.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm posted $1.64 earnings per share. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. On average, research analysts expect that Generac Holdings Inc. will post 6.84 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their target price on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays assumed coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Finally, Roth Mkm upped their price objective on shares of Generac from $160.00 to $175.00 and gave the stock 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.30.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale 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 firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,577,703 in the last 90 days. 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.