Coldstream Capital Management Inc. Buys New Position in Generac Holdings Inc. (NYSE:GNRC)

Coldstream Capital Management Inc. acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,258 shares of the technology company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently bought and sold shares of GNRC. Brooklyn Investment Group bought a new position in shares of Generac during the third quarter valued at about $31,000. SouthState Corp bought a new position in shares of Generac during the 3rd quarter worth approximately $32,000. Sunbelt Securities Inc. boosted its stake in shares of 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 during the last quarter. Blue Trust Inc. grew its holdings in shares of Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 over the last quarter. 2.90% of the stock is owned by corporate insiders.

Generac Stock Performance

Generac stock opened at $165.11 on Wednesday. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two 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 stock has a market cap of $9.82 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.09 and a beta of 1.39. The firm’s fifty day moving average price is $177.34 and its 200-day moving average price is $157.58.

Generac (NYSE:GNRC) last released 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 for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GNRC. Stifel Nicolaus raised their target price on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler lifted their price objective on shares of Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Robert W. Baird dropped their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. 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. Finally, The Goldman Sachs Group upped their price objective on Generac from $148.00 to $193.00 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 given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

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.