Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 1.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,866 shares of the technology company’s stock after acquiring an additional 82 shares during the quarter. Nicollet Investment Management Inc.’s holdings in Generac were worth $1,250,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC lifted its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the last quarter. Blue Trust Inc. boosted its holdings in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD bought a new stake in Generac during the second quarter valued at $38,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction on Wednesday, November 6th. The shares were 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 owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of Generac stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock valued at $7,584,853 over the last 90 days. 2.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $175.00 price objective (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. TD Cowen upped their price objective on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler raised their target price on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird reduced their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.21.

Generac Stock Performance

Shares of GNRC opened at $181.80 on Friday. The company’s 50 day moving average price is $164.01 and its 200 day moving average price is $151.68. The company has a market capitalization of $10.82 billion, a PE ratio of 37.72, a PEG ratio of 2.34 and a beta of 1.37. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 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 issued 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. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $1.64 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Research analysts expect that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

About Generac

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.