Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Voya Financial Advisors Inc.

Voya Financial Advisors Inc. lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 39.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,836 shares of the technology company’s stock after selling 1,199 shares during the quarter. Voya Financial Advisors Inc.’s holdings in Generac were worth $284,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. William Blair Investment Management LLC bought a new stake in shares of Generac during the second quarter valued at about $98,282,000. The Manufacturers Life Insurance Company raised its position in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Generac in the 3rd quarter worth approximately $45,722,000. International Assets Investment Management LLC boosted its holdings in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after acquiring an additional 266,026 shares in the last quarter. Finally, Stephens Investment Management Group LLC increased its stake in shares of Generac by 678.5% during the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock valued at $30,560,000 after acquiring an additional 167,641 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GNRC shares. Roth Mkm lifted their price target on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Citigroup boosted their target price on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Barclays started coverage on shares of Generac in a report on Wednesday. They issued an “equal weight” rating and a $189.00 price objective for the company. Finally, TD Cowen raised their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.30.

Generac Stock Performance

Shares of GNRC opened at $179.22 on Friday. The firm has a market capitalization of $10.66 billion, a P/E ratio of 37.18, a PEG ratio of 2.22 and a beta of 1.39. 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 $108.89 and a one year high of $195.94. The business has a fifty day moving average of $176.21 and a 200 day moving average of $156.57.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during 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 business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.64 earnings per share. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 6.84 EPS for the current year.

Insider Transactions at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 over the last 90 days. Company 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.