Hudson Valley Investment Advisors Inc. ADV Makes New $3.74 Million Investment in Generac Holdings Inc. (NYSE:GNRC)

Hudson Valley Investment Advisors Inc. ADV acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,555 shares of the technology company’s stock, valued at approximately $3,742,000.

Several other hedge funds have also bought and sold shares of the stock. Capital World Investors boosted its position in Generac by 2.1% in the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after purchasing an additional 25,646 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Generac during the 2nd quarter valued at approximately $98,282,000. Dimensional Fund Advisors LP lifted its position in shares of Generac by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after buying an additional 35,026 shares in the last quarter. Ninety One UK Ltd lifted its position in shares of Generac by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after buying an additional 3,849 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Generac by 29.2% during the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after buying an additional 103,439 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of Generac stock opened at $165.15 on Thursday. The business has a 50-day moving average of $156.37 and a 200 day moving average of $147.65. Generac Holdings Inc. has a 12 month low of $81.62 and a 12 month high of $176.14. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 45.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.15. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Piper Sandler increased their target price on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Wells Fargo & Company increased their target price on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Citigroup increased their target price on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Roth Mkm increased their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.40.

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.