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

Jade Capital Advisors LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 13.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,000 shares of the technology company’s stock after acquiring an additional 2,000 shares during the quarter. Generac accounts for about 1.7% of Jade Capital Advisors LLC’s holdings, 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 reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. lifted its stake in Generac by 2.4% during the second 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 lifted its position in Generac by 4.5% in the first 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. boosted its stake in Generac by 0.3% in the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after acquiring an additional 75 shares in the last quarter. EntryPoint Capital LLC grew its holdings 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. increased its position in shares of Generac by 0.6% during 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. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. 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 note on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial raised their price objective on shares of Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Roth Mkm upped their target price on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Finally, TD Cowen raised their price target on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac presently has an average rating of “Hold” and a consensus target price of $162.45.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated 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 approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Generac Stock Down 0.3 %

Shares of NYSE GNRC opened at $166.74 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The firm’s 50-day moving average is $154.37 and its two-hundred day moving average is $146.37. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $176.14. The company has a market capitalization of $10.11 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The firm had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. Generac’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 earnings per share. Equities analysts anticipate that Generac Holdings Inc. will post 6.47 EPS for the current fiscal year.

Generac 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.