5,628 Shares in Generac Holdings Inc. $GNRC Acquired by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 5,628 shares of the technology company’s stock, valued at approximately $942,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of Generac by 40.9% in the 2nd quarter. Invesco Ltd. now owns 1,992,447 shares of the technology company’s stock valued at $285,338,000 after buying an additional 577,933 shares in the last quarter. Norges Bank purchased a new stake in Generac in the second quarter valued at $53,138,000. Federated Hermes Inc. grew its holdings in shares of Generac by 63.5% during the second quarter. Federated Hermes Inc. now owns 749,347 shares of the technology company’s stock worth $107,314,000 after purchasing an additional 291,012 shares during the last quarter. Ninety One UK Ltd acquired a new stake in shares of Generac during the third quarter worth about $46,910,000. Finally, Holocene Advisors LP lifted its holdings in shares of Generac by 346.6% in the 2nd quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock valued at $51,072,000 after purchasing an additional 276,775 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $141.09 on Friday. The stock has a fifty day moving average price of $153.23 and a 200 day moving average price of $165.47. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 1.02. The company has a market cap of $8.28 billion, a PE ratio of 26.87, a P/E/G ratio of 1.12 and a beta of 1.82.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $2.25 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Sell-side analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GNRC shares. Wells Fargo & Company set a $195.00 price target on Generac in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Needham & Company LLC started coverage on shares of Generac in a research note on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price target for the company. Barclays raised their price objective on shares of Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, October 31st. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $240.00 target price on shares of Generac in a report on Thursday, October 30th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average target price of $192.11.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the sale, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by insiders.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.