Generac Holdings Inc. $GNRC Shares Acquired by Gagnon Securities LLC

Gagnon Securities LLC boosted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,561 shares of the technology company’s stock after purchasing an additional 9,372 shares during the period. Generac makes up about 2.6% of Gagnon Securities LLC’s portfolio, making the stock its 14th biggest position. Gagnon Securities LLC owned approximately 0.13% of Generac worth $12,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC acquired a new stake in shares of Generac during the third quarter worth about $55,000. Vanguard Personalized Indexing Management LLC grew its holdings in Generac by 4.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,590 shares of the technology company’s stock valued at $936,000 after purchasing an additional 241 shares during the period. James Investment Research Inc. increased its holdings in Generac by 15.9% in the 3rd quarter. James Investment Research Inc. now owns 9,126 shares of the technology company’s stock worth $1,528,000 after acquiring an additional 1,252 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Generac by 115.3% during the third quarter. Y Intercept Hong Kong Ltd now owns 46,868 shares of the technology company’s stock valued at $7,846,000 after purchasing an additional 25,103 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Generac by 433.8% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,055 shares of the technology company’s stock valued at $1,851,000 after purchasing an additional 8,984 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related 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 directly owned 542,966 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim decreased their price target on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Barclays decreased their target price on Generac from $197.00 to $186.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Canaccord Genuity Group decreased their price objective on Generac from $240.00 to $236.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Wells Fargo & Company set a $195.00 target price on shares of Generac in a research note on Friday, December 19th. Finally, Robert W. Baird raised shares of Generac from a “neutral” rating to an “outperform” rating and dropped their target price for the stock from $215.00 to $199.00 in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $195.29.

Generac Trading Down 2.4%

Shares of GNRC stock opened at $169.94 on Friday. 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 Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company’s 50-day moving average price is $153.71 and its 200-day moving average price is $167.72. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 1.40 and a beta of 1.82.

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

Generac Profile

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.