2,251 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,251 shares of the technology company’s stock, valued at approximately $358,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in Generac in the 2nd quarter valued at approximately $98,282,000. International Assets Investment Management LLC raised its position in Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after acquiring an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC raised its position in shares of Generac by 678.5% during the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares during the last quarter. Blair William & Co. IL raised 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 worth $60,487,000 after acquiring an additional 103,439 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Generac by 21.4% in the 2nd quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock valued at $55,548,000 after purchasing an additional 74,115 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s 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 sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Northland Securities boosted their price target on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Scotiabank raised their price target on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Piper Sandler boosted their price objective on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.10.

Generac Stock Down 2.5 %

Shares of Generac stock opened at $186.34 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business has a 50-day moving average of $162.35 and a two-hundred day moving average of $151.13. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a market capitalization of $11.09 billion, a P/E ratio of 38.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.37.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current year.

About Generac

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.