HighTower Advisors LLC Has $1.27 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

HighTower Advisors LLC decreased its stake in Generac Holdings Inc. (NYSE:GNRC) by 23.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,001 shares of the technology company’s stock after selling 2,455 shares during the quarter. HighTower Advisors LLC’s holdings in Generac were worth $1,267,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Hilltop Holdings Inc. boosted its stake in Generac by 27.3% in the third quarter. Hilltop Holdings Inc. now owns 4,045 shares of the technology company’s stock worth $643,000 after purchasing an additional 868 shares in the last quarter. Ascent Group LLC boosted its stake in Generac by 4.7% in the third quarter. Ascent Group LLC now owns 4,386 shares of the technology company’s stock worth $697,000 after purchasing an additional 196 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Generac during the third quarter worth $1,360,000. Paloma Partners Management Co bought a new stake in shares of Generac during the third quarter worth $540,000. Finally, Erste Asset Management GmbH bought a new stake in shares of Generac during the third quarter worth $577,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,268 shares of company stock valued at $7,584,853. Corporate insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their target price on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Piper Sandler boosted their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Roth Mkm boosted their target price on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen boosted their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.30.

Generac Trading Down 0.0 %

Shares of GNRC stock opened at $167.17 on Tuesday. The stock’s fifty day moving average price is $177.48 and its two-hundred day moving average price is $157.46. The company has a market cap of $9.95 billion, a PE ratio of 34.68, a P/E/G ratio of 2.09 and a beta of 1.39. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its quarterly earnings data 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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $1.64 EPS. Equities analysts predict that Generac Holdings Inc. will post 6.84 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.