Burgundy Asset Management Ltd. grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 3.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,727,058 shares of the technology company’s stock after buying an additional 59,708 shares during the period. Burgundy Asset Management Ltd. owned approximately 2.78% of Generac worth $79,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. GSA Capital Partners LLP purchased a new position in shares of Generac in the 3rd quarter worth $363,000. Colony Group LLC purchased a new position in shares of Generac in the 3rd quarter worth $1,588,000. California Public Employees Retirement System grew its stake in shares of Generac by 10.2% in the 3rd quarter. California Public Employees Retirement System now owns 201,053 shares of the technology company’s stock worth $9,234,000 after buying an additional 18,653 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Generac by 7.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 16,472 shares of the technology company’s stock worth $757,000 after buying an additional 1,180 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Generac in the 3rd quarter worth $420,000. 95.79% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the chief executive officer now owns 1,029,911 shares in the company, valued at approximately $53,555,372. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Russell S. Minick sold 24,085 shares of Generac stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the sale, the chief marketing officer now owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The disclosure for this sale can be found here. Insiders have sold a total of 34,085 shares of company stock valued at $1,725,208 in the last quarter. 3.00% of the stock is currently owned by company insiders.

Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Generac from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. KeyCorp upgraded shares of Generac from a “sector weight” rating to an “overweight” rating and set a $55.00 target price for the company in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and issued a $50.00 target price on shares of Generac in a report on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of Generac in a report on Friday, September 8th. Finally, Canaccord Genuity raised their target price on shares of Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $53.00.

Generac Holdings Inc. (GNRC) traded down $1.21 during trading on Friday, hitting $48.51. 320,700 shares of the stock traded hands, compared to its average volume of 459,477. The company has a market cap of $3,090.77, a price-to-earnings ratio of 15.78, a PEG ratio of 1.72 and a beta of 1.74. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 1.92. Generac Holdings Inc. has a 12-month low of $33.77 and a 12-month high of $53.78.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Generac had a net margin of 7.47% and a return on equity of 46.06%. The company had revenue of $457.25 million during the quarter, compared to analyst estimates of $420.42 million. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. equities analysts forecast that Generac Holdings Inc. will post 3.22 EPS for the current year.

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Generac Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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