Greenwood Capital Associates LLC Boosts Position in Generac Holdings Inc. (NYSE:GNRC)

Greenwood Capital Associates LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 170.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,478 shares of the technology company’s stock after buying an additional 2,823 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Generac were worth $711,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Capital World Investors raised its position in Generac by 2.1% during the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after buying an additional 25,646 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Generac during the 2nd quarter worth approximately $98,282,000. Dimensional Fund Advisors LP grew its stake in shares of Generac by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after purchasing an additional 35,026 shares during the period. Ninety One UK Ltd grew its stake in shares of Generac by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock worth $68,720,000 after purchasing an additional 3,849 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GNRC shares. Canaccord Genuity Group raised their price objective on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $175.00 price target (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. Robert W. Baird dropped their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Scotiabank lifted their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company lifted their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.10.

Generac Stock Up 6.5 %

NYSE GNRC opened at $181.80 on Wednesday. The firm has a market cap of $10.94 billion, a PE ratio of 37.72, a P/E/G ratio of 2.11 and a beta of 1.37. Generac Holdings Inc. has a 52 week low of $100.23 and a 52 week high of $182.31. The business’s fifty day simple moving average is $157.94 and its 200-day simple moving average is $149.02. 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 (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.67 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 of the company’s stock, valued at $92,825,688.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

Generac 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.