Blue Trust Inc. Purchases 97 Shares of Generac Holdings Inc. (NYSE:GNRC)

Blue Trust Inc. boosted its position in shares of Generac Holdings Inc. (NYSE:GNRCFree Report) by 73.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 229 shares of the technology company’s stock after purchasing an additional 97 shares during the period. Blue Trust Inc.’s holdings in Generac were worth $36,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in Generac in the 3rd quarter valued at about $99,000. Cornerstone Wealth Management LLC acquired a new stake in Generac in the 3rd quarter valued at about $227,000. Rheos Capital Works Inc. acquired a new stake in Generac in the 3rd quarter valued at about $4,766,000. LaFleur & Godfrey LLC increased its position in Generac by 43.3% in the 3rd quarter. LaFleur & Godfrey LLC now owns 62,150 shares of the technology company’s stock valued at $9,874,000 after acquiring an additional 18,785 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC increased its position in Generac by 3.7% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 5,330 shares of the technology company’s stock valued at $847,000 after acquiring an additional 190 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Up 2.0 %

Shares of NYSE GNRC opened at $168.91 on Friday. The stock has a market cap of $10.16 billion, a P/E ratio of 43.79, a P/E/G ratio of 2.12 and a beta of 1.38. The firm has a 50 day moving average price of $156.93 and a 200 day moving average price of $147.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. Generac Holdings Inc. has a 52-week low of $98.27 and a 52-week high of $176.14.

Generac (NYSE:GNRCGet Free Report) last announced its quarterly earnings results 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. Generac had a net margin of 6.03% and a return on equity of 15.35%. 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 previous year, the firm posted $1.64 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 6.49 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. TD Cowen lifted their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday. Stephens reiterated an “overweight” rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Finally, Piper Sandler lifted their price target on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $169.10.

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Generac Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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