Generac Holdings Inc. $GNRC Stock: Gagnon Securities LLC Grows Holdings

Gagnon Securities LLC grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 4.8% during the 3rd quarter, Holdings Channel reports. The firm owned 76,684 shares of the technology company’s stock after purchasing an additional 3,514 shares during the period. Generac makes up approximately 2.7% of Gagnon Securities LLC’s portfolio, making the stock its 13th biggest position. Gagnon Securities LLC’s holdings in Generac were worth $15,870,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GNRC. Maryland State Retirement & Pension System boosted its stake in Generac by 11.4% in 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 last quarter. Lisanti Capital Growth LLC acquired a new stake in Generac during the 3rd quarter worth $887,000. Jacobi Capital Management LLC bought a new stake in shares of Generac during the 3rd quarter valued at $35,000. Jefferies Financial Group Inc. raised its position in shares of Generac by 132.8% during the 3rd 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 last quarter. Finally, Altman Advisors Inc. raised its position in shares of Generac by 0.6% during the 3rd quarter. Altman Advisors Inc. now owns 11,243 shares of the technology company’s stock valued at $2,327,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, insider Norman Taffe sold 300 shares of Generac stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $182.01, for a total transaction of $54,603.00. Following the transaction, the insider directly owned 10,676 shares in the company, valued at approximately $1,943,138.76. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the stock in a transaction dated Friday, October 2nd. The stock was 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 of the company’s stock, valued at $2,118,472.62. This trade represents a 5.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 12,606 shares of company stock valued at $2,491,310. 2.40% of the stock is owned by company insiders.

Generac Stock Up 6.7%

Shares of NYSE:GNRC opened at $193.94 on Thursday. The company has a 50 day moving average price of $198.06 and a two-hundred day moving average price of $218.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.97. The company has a market capitalization of $11.44 billion, a PE ratio of 20.52, a PEG ratio of 1.54 and a beta of 1.86. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Robert W. Baird set a $287.00 price target on Generac in a research note on Thursday, October 29th. Citigroup lifted their price objective on Generac from $232.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, October 30th. HSBC downgraded Generac to a “hold” rating and set a $333.00 price objective for the company. in a report on Thursday, September 17th. KeyCorp reissued an “overweight” rating on shares of Generac in a research note on Monday, October 26th. Finally, Roth Capital raised their target price on Generac from $214.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.82.

Generac Profile

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.