True Vision MN LLC Has $524,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

True Vision MN LLC decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,298 shares of the technology company’s stock after selling 302 shares during the quarter. True Vision MN LLC’s holdings in Generac were worth $524,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC grew its stake in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Sunbelt Securities Inc. grew its position in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Generac during the 3rd quarter worth $31,000. SouthState Corp bought a new position in shares of Generac during the 3rd quarter valued at $32,000. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler boosted their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Stephens reaffirmed an “overweight” rating and set a $200.00 target price on shares of Generac in a research report on Monday, August 5th. Northland Securities lifted their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, TD Cowen upped their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.58.

Generac Price Performance

GNRC stock traded up $0.04 during midday trading on Wednesday, reaching $192.30. 14,532 shares of the company’s stock traded hands, compared to its average volume of 942,817. The company has a 50-day simple moving average of $170.09 and a two-hundred day simple moving average of $154.43. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.35 and a beta of 1.37.

Generac (NYSE:GNRC) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. On average, analysts anticipate that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction 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 in the company, valued at $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,268 shares of company stock valued at $7,584,853. Insiders own 2.90% of the company’s stock.

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.