PDT Partners LLC Invests $1.09 Million in Generac Holdings Inc. (NYSE:GNRC)

PDT Partners LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,880 shares of the technology company’s stock, valued at approximately $1,093,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Empirical Finance LLC grew its stake in shares of Generac by 4.1% in the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after acquiring an additional 66 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in Generac by 2.4% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after purchasing an additional 68 shares during the last quarter. Johnson Investment Counsel Inc. increased its holdings in shares of Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares during the period. Nicollet Investment Management Inc. raised its position in shares of Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after buying an additional 82 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of 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 buying an additional 93 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on GNRC. Citigroup upped their price target on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Piper Sandler increased their price objective on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Roth Mkm lifted their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $174.58.

Insider Transactions at Generac

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. The trade was a 22.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock worth $7,584,853 over the last 90 days. 2.90% of the stock is owned by insiders.

Generac Stock Down 1.2 %

Shares of NYSE:GNRC opened at $188.20 on Monday. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The firm has a market cap of $11.20 billion, a P/E ratio of 39.05, a P/E/G ratio of 2.31 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $172.92 and its two-hundred day moving average price is $155.42.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $1.64 earnings per share. Generac’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts forecast 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.