Ascent Group LLC Has $697,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Ascent Group LLC raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,386 shares of the technology company’s stock after buying an additional 196 shares during the quarter. Ascent Group LLC’s holdings in Generac were worth $697,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Raymond James Trust N.A. grew its position in Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after buying an additional 1,177 shares in the last quarter. Willis Investment Counsel grew its holdings in shares of Generac by 18.7% during the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Generac by 85.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares during the period. Principal Financial Group Inc. raised its stake in shares of Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after purchasing an additional 3,426 shares in the last quarter. Finally, Hudson Valley Investment Advisors Inc. ADV bought a new position in Generac in the third quarter worth $3,742,000. 84.04% of the stock is owned by institutional investors.

Generac Stock Down 0.3 %

Shares of GNRC opened at $186.89 on Wednesday. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.30 and a beta of 1.39. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The business’s fifty day moving average price is $174.46 and its two-hundred day moving average price is $156.03.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS. On average, analysts predict that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Roth Mkm increased their price objective on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. TD Cowen raised their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Piper Sandler raised their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price target on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.58.

Insider Activity at Generac

In other news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 over the last ninety days. Company insiders own 2.90% of the company’s stock.

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.