Generac Holdings Inc. (NYSE:GNRC) Stock Position Lifted by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 3.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,330 shares of the technology company’s stock after buying an additional 190 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Generac were worth $847,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GNRC. NBC Securities Inc. raised its stake in shares of Generac by 17.5% during the third quarter. NBC Securities Inc. now owns 17,856 shares of the technology company’s stock valued at $2,836,000 after purchasing an additional 2,661 shares in the last quarter. Fiduciary Alliance LLC raised its position in shares of Generac by 35.2% during the 3rd quarter. Fiduciary Alliance LLC now owns 4,602 shares of the technology company’s stock worth $731,000 after buying an additional 1,197 shares in the last quarter. Woodstock Corp lifted its stake in shares of Generac by 8.6% in the 3rd quarter. Woodstock Corp now owns 23,456 shares of the technology company’s stock worth $3,727,000 after acquiring an additional 1,864 shares during the period. Willis Investment Counsel boosted its holdings in shares of Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Finally, Martin Capital Advisors LLP increased its stake in shares of Generac by 5.8% during the third quarter. Martin Capital Advisors LLP now owns 2,213 shares of the technology company’s stock valued at $352,000 after acquiring an additional 122 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

NYSE:GNRC traded up $3.99 during trading hours on Wednesday, hitting $174.21. The company’s stock had a trading volume of 240,673 shares, compared to its average volume of 961,106. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $175.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The stock has a fifty day simple moving average of $152.17 and a 200-day simple moving average of $145.24. The company has a market capitalization of $10.56 billion, a P/E ratio of 48.04, a PEG ratio of 2.22 and a beta of 1.38.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. Generac’s revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that Generac Holdings Inc. will post 6.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GNRC. Stephens reaffirmed an “overweight” rating and set a $200.00 target price on shares of Generac in a research note on Monday, August 5th. Canaccord Genuity Group lifted their price target on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price objective on shares of Generac in a research report on Tuesday, September 24th. Finally, Northland Securities lifted their target price on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.62.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.

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.