Swiss National Bank Increases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Swiss National Bank increased its position in Generac Holdings Inc. (NYSE:GNRC) by 1.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,100 shares of the technology company’s stock after acquiring an additional 2,400 shares during the period. Swiss National Bank owned about 0.23% of Generac worth $27,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its holdings in Generac by 1,240.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 201 shares of the technology company’s stock worth $25,000 after acquiring an additional 186 shares during the last quarter. CSat Investment Advisory L.P. purchased a new stake in Generac during the 2nd quarter valued at $25,000. First Horizon Advisors Inc. raised its stake in Generac by 158.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 233 shares of the technology company’s stock valued at $28,000 after buying an additional 143 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Generac during the 2nd quarter valued at $35,000. Finally, Canton Hathaway LLC purchased a new stake in Generac during the 2nd quarter valued at $46,000.

In related news, EVP Erik Wilde sold 3,611 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $210.76, for a total value of $761,054.36. Following the completion of the transaction, the executive vice president now owns 10,537 shares of the company’s stock, valued at approximately $2,220,778.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $189.27, for a total transaction of $946,350.00. Following the transaction, the chief executive officer now directly owns 664,240 shares of the company’s stock, valued at approximately $125,720,704.80. The disclosure for this sale can be found here. Insiders sold a total of 13,611 shares of company stock valued at $2,776,054 in the last ninety days. 2.90% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on GNRC shares. Oppenheimer boosted their target price on shares of Generac from $225.00 to $235.00 in a research note on Thursday, October 29th. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $238.00 target price for the company in a research note on Wednesday, November 4th. JMP Securities began coverage on shares of Generac in a research note on Tuesday, October 6th. They set an “outperform” rating and a $285.00 target price for the company. Stephens began coverage on Generac in a research note on Friday, October 16th. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Bank of America upped their price objective on Generac from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Generac currently has a consensus rating of “Buy” and an average price target of $209.62.

Shares of Generac stock opened at $222.97 on Friday. The company has a market capitalization of $14.01 billion, a P/E ratio of 48.05, a P/E/G ratio of 5.45 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.70 and a current ratio of 2.66. The company has a fifty day moving average of $212.03 and a 200 day moving average of $160.38. Generac Holdings Inc. has a fifty-two week low of $75.50 and a fifty-two week high of $234.55.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 28th. The technology company reported $2.08 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.33. The company had revenue of $701.36 million during the quarter, compared to the consensus estimate of $682.62 million. Generac had a net margin of 12.75% and a return on equity of 34.03%. Analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current year.

Generac Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel; and batteries and inverters.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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