Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 52.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,407 shares of the technology company’s stock after acquiring an additional 1,177 shares during the period. Raymond James Trust N.A.’s holdings in Generac were worth $541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empirical Finance LLC raised its position in Generac by 4.1% in the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after purchasing an additional 66 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after acquiring an additional 68 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after acquiring an additional 75 shares in the last quarter. Nicollet Investment Management Inc. increased its position in shares of Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares during the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In other news, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,584,853 in the last ninety days. 2.90% of the stock is currently owned by company insiders.

Generac Price Performance

Shares of NYSE:GNRC opened at $191.58 on Tuesday. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The company has a 50-day moving average price of $168.12 and a 200 day moving average price of $153.67. The company has a market cap of $11.40 billion, a P/E ratio of 39.75, a PEG ratio of 2.32 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm earned $1.64 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. Research analysts predict that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on GNRC. Piper Sandler increased their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company increased their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Truist Financial upped their price target on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Citigroup upped their target price on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $174.58.

Generac Company 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.