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

Gagnon Securities LLC lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 4.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,684 shares of the technology company’s stock after acquiring an additional 3,514 shares during the period. Generac accounts for about 2.7% of Gagnon Securities LLC’s investment portfolio, making the stock its 13th largest position. Gagnon Securities LLC owned approximately 0.13% of Generac worth $15,870,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. Maryland State Retirement & Pension System boosted its holdings in Generac by 11.4% during the third quarter. Maryland State Retirement & Pension System now owns 3,437 shares of the technology company’s stock valued at $711,000 after acquiring an additional 351 shares during the period. Lisanti Capital Growth LLC bought a new stake in shares of Generac in the third quarter valued at approximately $887,000. Jacobi Capital Management LLC bought a new stake in shares of Generac in the third quarter valued at approximately $35,000. Jefferies Financial Group Inc. boosted its position in shares of Generac by 132.8% in the third quarter. Jefferies Financial Group Inc. now owns 10,685 shares of the technology company’s stock valued at $2,211,000 after acquiring an additional 6,095 shares during the period. Finally, Altman Advisors Inc. grew its stake in shares of Generac by 0.6% in the third quarter. Altman Advisors Inc. now owns 11,243 shares of the technology company’s stock worth $2,327,000 after acquiring an additional 69 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

NYSE GNRC opened at $193.94 on Thursday. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. The stock has a market cap of $11.44 billion, a P/E ratio of 20.52, a PEG ratio of 1.54 and a beta of 1.86. The company’s 50-day simple moving average is $198.06 and its 200 day simple moving average is $218.44.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.14. Generac had a net margin of 6.52% and a return on equity of 18.78%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $1.83 EPS. The firm’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, research analysts forecast that Generac Holdings Inc. will post 9.84 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, insider Kyle Raabe sold 603 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $212.57, for a total value of $128,179.71. Following the completion of the sale, the insider owned 9,966 shares in the company, valued at approximately $2,118,472.62. This trade represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 400 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $188.70, for a total transaction of $75,480.00. Following the completion of the transaction, the insider directly owned 11,276 shares of the company’s stock, valued at approximately $2,127,781.20. This represents a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 12,606 shares of company stock valued at $2,491,310 over the last ninety days. 2.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research reports. KeyCorp reaffirmed an “overweight” rating on shares of Generac in a research report on Monday, October 26th. HSBC downgraded shares of Generac to a “hold” rating and set a $333.00 price target for the company. in a report on Thursday, September 17th. Raymond James Financial set a $279.00 price target on shares of Generac in a report on Thursday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research report on Tuesday, November 3rd. Finally, Needham & Company LLC boosted their price objective on shares of Generac from $283.00 to $288.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

About Generac

Generac Holdings Inc. designs and manufactures backup power generation equipment and energy technology solutions. Its products include home standby and portable generators, as well as power systems for commercial, industrial, and other applications. The company also offers energy storage and management products, solar-related solutions, and services that help customers monitor and manage power use. Generac serves residential, commercial, and industrial customers, with a presence in North America and other markets around the world.