Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 170.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,478 shares of the technology company’s stock after purchasing an additional 2,823 shares during the period. Greenwood Capital Associates LLC’s holdings in Generac were worth $711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GNRC. EntryPoint Capital LLC grew its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares in the last quarter. Blue Trust Inc. grew its position in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares in the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new position in Generac in the second quarter valued at approximately $38,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

Generac stock opened at $181.80 on Wednesday. The business has a 50 day simple moving average of $157.94 and a 200-day simple moving average of $149.02. The stock has a market capitalization of $10.94 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. Generac Holdings Inc. has a 12 month low of $100.23 and a 12 month high of $182.31.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.64 earnings per share. Equities analysts predict that Generac Holdings Inc. will post 6.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GNRC shares. Piper Sandler upped their price target on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird lowered their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Truist Financial upped their price target on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $169.10.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by company insiders.

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.