16,879 Shares in Generac Holdings Inc. $GNRC Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 16,879 shares of the technology company’s stock, valued at approximately $2,826,000.

A number of other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the period. MUFG Securities EMEA plc bought a new stake in Generac in the 2nd quarter valued at approximately $25,000. First Horizon Corp acquired a new position in Generac during the 3rd quarter worth approximately $28,000. Creative Capital Management Investments LLC grew its stake in shares of Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new position in shares of Generac during the 2nd quarter worth approximately $36,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 0.3%

GNRC opened at $160.99 on Friday. The stock’s fifty day simple moving average is $150.25 and its 200 day simple moving average is $166.53. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25. The stock has a market cap of $9.45 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.82. The company has a current ratio of 2.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. Generac’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 earnings per share. As a group, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the transaction, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research reports. Wells Fargo & Company set a $195.00 price objective on shares of Generac in a research report on Friday, December 19th. Barclays lifted their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Finally, Needham & Company LLC began coverage on Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.94.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.