Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 24.2% in the third quarter, HoldingsChannel.com reports. The firm owned 3,072 shares of the technology company’s stock after buying an additional 599 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Generac were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. William Blair Investment Management LLC acquired a new position in Generac in the second quarter valued at approximately $98,282,000. International Assets Investment Management LLC boosted its holdings in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after acquiring an additional 266,026 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Generac by 831.1% in the first quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after acquiring an additional 214,322 shares during the period. Stephens Investment Management Group LLC boosted its holdings in shares of Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after acquiring an additional 167,641 shares during the period. Finally, Blair William & Co. IL boosted its holdings in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after acquiring an additional 103,439 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Up 2.0 %

NYSE:GNRC opened at $168.91 on Monday. Generac Holdings Inc. has a 1 year low of $98.27 and a 1 year high of $176.14. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.13 and a beta of 1.37. The stock has a fifty day moving average price of $157.17 and a two-hundred day moving average price of $148.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.03.

Generac (NYSE:GNRC) 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 return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GNRC shares. Wells Fargo & Company increased their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird decreased their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday. JPMorgan Chase & Co. increased their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Citigroup increased their price target on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. 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 company. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and an average price target of $169.10.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents 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. Company insiders own 2.90% of the company’s stock.

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.