Pathstone Holdings LLC Boosts Stake in Generac Holdings Inc. (NYSE:GNRC)

Pathstone Holdings LLC boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 10.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,011 shares of the technology company’s stock after acquiring an additional 1,569 shares during the quarter. Pathstone Holdings LLC’s holdings in Generac were worth $2,703,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Empirical Finance LLC increased its position in shares of Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after purchasing an additional 66 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in shares of Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after buying an additional 68 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of 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 during the last quarter. Nicollet Investment Management Inc. grew its position in Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after acquiring an additional 82 shares in the last quarter. Finally, EntryPoint Capital LLC increased its stake in 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 acquiring an additional 90 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Up 1.3 %

GNRC stock opened at $191.58 on Tuesday. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 39.75, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The business’s 50 day moving average price is $168.12 and its two-hundred day moving average price is $153.67. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GNRC shares. Citigroup upped their price objective on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Stifel Nicolaus lifted their price target on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Northland Securities upped their price objective on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Robert W. Baird decreased their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.58.

Insider Buying and Selling

In other news, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 over the last quarter. Corporate insiders own 2.90% of the company’s stock.

About Generac

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.