Generac Holdings Inc. (NYSE:GNRC) Shares Sold by James Investment Research Inc.

James Investment Research Inc. lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,952 shares of the technology company’s stock after selling 306 shares during the quarter. James Investment Research Inc.’s holdings in Generac were worth $1,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC grew its position in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares during the period. Blue Trust Inc. raised its holdings in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Generac during the second quarter worth $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $168.91 on Friday. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 43.31, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. Generac Holdings Inc. has a 12 month low of $98.27 and a 12 month high of $176.14. The stock’s 50 day moving average price is $157.17 and its 200 day moving average price is $148.17.

Generac (NYSE:GNRC) last posted 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 return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $1.64 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 6.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on GNRC shares. Northland Securities boosted their price target on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Scotiabank upped their price objective on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. One 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.10.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 transaction, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Generac 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.