Stephens Investment Management Group LLC Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Stephens Investment Management Group LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 678.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 192,349 shares of the technology company’s stock after acquiring an additional 167,641 shares during the period. Stephens Investment Management Group LLC owned 0.32% of Generac worth $30,560,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Duncker Streett & Co. Inc. increased its stake in Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after acquiring an additional 68 shares during the last quarter. Empirical Finance LLC increased its stake in Generac by 4.5% in the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after acquiring an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Generac by 0.3% in the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after acquiring an additional 75 shares during the last quarter. EntryPoint Capital LLC increased its stake in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Generac by 6.5% in the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock valued at $243,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $165.57 on Friday. Generac Holdings Inc. has a twelve month low of $81.62 and a twelve month high of $176.14. The firm has a market cap of $9.96 billion, a P/E ratio of 42.45, a PEG ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average of $156.93 and a 200 day moving average of $147.89. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share 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 during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the business earned $1.08 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts expect that Generac Holdings Inc. will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GNRC. The Goldman Sachs Group raised their price objective on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Canaccord Genuity Group raised their target price on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler raised their target price on Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $165.40.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were 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 directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is owned by company 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.