Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Jade Capital Advisors LLC

Jade Capital Advisors LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 13.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the technology company’s stock after acquiring an additional 2,000 shares during the period. Generac comprises about 1.7% of Jade Capital Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Jade Capital Advisors LLC’s holdings in Generac were worth $2,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of GNRC. Duncker Streett & Co. Inc. increased its holdings in Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after purchasing an additional 68 shares during the last quarter. Empirical Finance LLC boosted its stake in Generac by 4.5% during the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after acquiring an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in shares of Generac by 0.3% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Finally, American International Group Inc. grew its stake in Generac by 0.6% in the fourth quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock worth $2,139,000 after purchasing an additional 93 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Price Performance

NYSE GNRC opened at $166.74 on Tuesday. The company has a 50 day simple moving average of $154.37 and a 200-day simple moving average of $146.37. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $176.14. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 45.93, a price-to-earnings-growth ratio of 2.22 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 (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The firm had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that Generac Holdings Inc. will post 6.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler raised their target price on shares of Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Canaccord Genuity Group upped their target price on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird raised their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $175.00 price target (up previously from $145.00) on shares of Generac in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Generac currently has a consensus rating of “Hold” and a consensus price target of $162.45.

Insider Activity

In other Generac news, 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 transaction of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

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.