1,450 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by Court Place Advisors LLC

Court Place Advisors LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,450 shares of the technology company’s stock, valued at approximately $230,000.

Several other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. increased its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. EntryPoint Capital LLC increased 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 valued at $27,000 after acquiring an additional 90 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in shares of Generac during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Generac Stock Up 0.7 %

Shares of Generac stock traded up $1.11 during trading hours on Friday, hitting $167.16. The company had a trading volume of 39,099 shares, compared to its average volume of 949,304. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The company’s 50-day moving average is $155.61 and its two-hundred day moving average is $146.88. The company has a market cap of $10.13 billion, a P/E ratio of 45.74, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $176.14.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. Generac’s revenue for the quarter was down .2% on a year-over-year basis. Analysts anticipate that Generac Holdings Inc. will post 6.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial upped their price target on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Canaccord Genuity Group raised their target price on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their price target on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Northland Securities raised their price objective on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Roth Mkm increased their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has an average rating of “Hold” and a consensus target price of $165.40.

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.