Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Stiles Financial Services Inc

Stiles Financial Services Inc increased its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.2% during the third quarter, Holdings Channel reports. The fund owned 12,298 shares of the technology company’s stock after acquiring an additional 930 shares during the quarter. Stiles Financial Services Inc’s holdings in Generac were worth $1,954,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GNRC. Sunbelt Securities Inc. lifted its holdings in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. EntryPoint Capital LLC increased its stake in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the period. Blue Trust Inc. increased its stake in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after buying an additional 97 shares during the period. Capital Advisors Ltd. LLC increased its stake in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares during the period. Finally, Fairfield Financial Advisors LTD purchased a new stake in Generac during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GNRC. JPMorgan Chase & Co. boosted their target price on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Scotiabank boosted their target price on shares of Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Citigroup lifted their price target on shares of Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Piper Sandler lifted their price target on shares of Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Truist Financial boosted their target price on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.10.

Generac Price Performance

NYSE:GNRC opened at $185.69 on Friday. The stock has a market cap of $11.17 billion, a P/E ratio of 38.71, a PEG ratio of 2.11 and a beta of 1.37. Generac Holdings Inc. has a one year low of $101.15 and a one year high of $188.30. The company has a fifty day moving average price of $159.17 and a 200 day moving average price of $149.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last announced its earnings results 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. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the company posted $1.64 EPS. Analysts anticipate that Generac Holdings Inc. will post 6.76 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by corporate 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.