First Trust Direct Indexing L.P. Has $239,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

First Trust Direct Indexing L.P. reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,504 shares of the technology company’s stock after selling 64 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Generac were worth $239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 valued at $27,000 after buying an additional 90 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in 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 purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings 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 purchasing an additional 220 shares in the last quarter. Blue Trust Inc. increased its holdings 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 purchasing an additional 97 shares in the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac in the second quarter valued at approximately $38,000. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GNRC shares. TD Cowen increased their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Scotiabank raised their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. The Goldman Sachs Group upped their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird dropped their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial upped their target price on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $169.10.

Generac Price Performance

Generac stock opened at $181.80 on Wednesday. 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 Holdings Inc. has a one year low of $100.23 and a one year high of $182.31. The firm has a market capitalization of $10.94 billion, a P/E ratio of 37.72, a PEG ratio of 2.11 and a beta of 1.37. The business has a fifty day moving average price of $157.94 and a 200-day moving average price of $149.02.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 earnings per share. As a group, equities research analysts forecast that Generac Holdings Inc. will post 6.67 EPS for the current year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

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.