Carnegie Investment Counsel Purchases 2,834 Shares of Generac Holdings Inc. (NYSE:GNRC)

Carnegie Investment Counsel increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,080 shares of the technology company’s stock after acquiring an additional 2,834 shares during the period. Carnegie Investment Counsel’s holdings in Generac were worth $4,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Empirical Finance LLC grew its stake in Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after buying an additional 66 shares in the last quarter. Nicollet Investment Management Inc. grew its stake in Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after buying an additional 82 shares in the last quarter. Mather Group LLC. grew its stake in Generac by 6.5% in the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after buying an additional 93 shares in the last quarter. Blue Trust Inc. grew its stake in Generac by 73.5% in the 3rd 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, Sunbelt Securities Inc. grew its stake in Generac by 97.1% in the 2nd 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. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,577,703 in the last three months. 2.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GNRC shares. Robert W. Baird cut their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Stifel Nicolaus upped their price objective on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Truist Financial cut their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Finally, TD Cowen upped their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $174.30.

Generac Stock Up 0.5 %

Shares of NYSE GNRC opened at $161.12 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The firm has a market capitalization of $9.59 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42. The firm has a fifty day simple moving average of $170.92 and a two-hundred day simple moving average of $160.60.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business earned $1.64 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts expect that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

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.