3,099 Shares of Generac Holdings Inc. $GNRC Acquired by New England Research & Management Inc.

New England Research & Management Inc. bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,099 shares of the technology company’s stock, valued at approximately $641,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vontobel Holding Ltd. raised its stake in Generac by 12.2% in the third quarter. Vontobel Holding Ltd. now owns 4,405 shares of the technology company’s stock worth $912,000 after buying an additional 480 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Generac by 3.8% in the third quarter. TD Waterhouse Canada Inc. now owns 13,322 shares of the technology company’s stock worth $2,770,000 after buying an additional 491 shares during the period. V Square Quantitative Management LLC lifted its holdings in Generac by 45.5% in the third quarter. V Square Quantitative Management LLC now owns 1,880 shares of the technology company’s stock worth $389,000 after buying an additional 588 shares during the period. Assenagon Asset Management S.A. boosted its position in Generac by 20.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,833 shares of the technology company’s stock valued at $7,623,000 after acquiring an additional 6,318 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. boosted its position in Generac by 6.6% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 3,205 shares of the technology company’s stock valued at $663,000 after acquiring an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the transaction, the chief executive officer owned 554,528 shares in the company, valued at approximately $108,071,961.92. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the business’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total value of $128,179.71. Following the completion of the sale, the insider directly owned 9,966 shares in the company, valued at $2,118,472.62. This trade represents a 5.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,442 shares of company stock valued at $3,656,537 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several research reports. Citigroup decreased their target price on Generac from $300.00 to $232.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Stifel Nicolaus raised their target price on Generac from $285.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. UBS Group restated a “buy” rating on shares of Generac in a research report on Friday, September 25th. Wells Fargo & Company set a $280.00 price target on Generac in a research report on Thursday, September 17th. Finally, Zacks Research cut Generac from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $290.55.

Generac Stock Down 3.0%

NYSE:GNRC traded down $6.05 during mid-day trading on Friday, hitting $192.35. 999,810 shares of the company’s stock were exchanged, compared to its average volume of 1,233,263. The company has a market cap of $11.35 billion, a PE ratio of 44.32, a P/E/G ratio of 1.70 and a beta of 1.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. Generac Holdings Inc. has a one year low of $134.80 and a one year high of $296.44. The business has a fifty day moving average price of $202.50 and a 200 day moving average price of $226.83.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $1.65 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post 9.74 EPS for the current year.

About Generac

Generac Holdings Inc is an energy technology company that designs and manufactures power generation equipment, energy storage systems and other products intended to provide backup and distributed energy solutions. Its offerings serve residential, commercial, industrial and other users seeking standby power, portable power or greater control over energy use.

The company’s product portfolio includes home standby generators, portable generators, commercial and industrial generators, mobile power equipment, engines and related transfer switches and controls.