Dynamic Technology Lab Private Ltd Buys 1,201 Shares of Generac Holdings Inc. (NYSE:GNRC)

Dynamic Technology Lab Private Ltd grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 77.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,753 shares of the technology company’s stock after purchasing an additional 1,201 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Generac were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GNRC. B. Riley Wealth Advisors Inc. raised its position in shares of Generac by 2.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company’s stock valued at $558,000 after buying an additional 94 shares during the last quarter. Comerica Bank increased its position in Generac by 32.7% in the first quarter. Comerica Bank now owns 30,594 shares of the technology company’s stock worth $3,859,000 after purchasing an additional 7,532 shares during the last quarter. Cetera Advisors LLC increased its position in Generac by 47.8% in the first quarter. Cetera Advisors LLC now owns 6,534 shares of the technology company’s stock worth $824,000 after purchasing an additional 2,114 shares during the last quarter. Transcend Capital Advisors LLC increased its position in Generac by 26.2% in the second quarter. Transcend Capital Advisors LLC now owns 2,060 shares of the technology company’s stock worth $272,000 after purchasing an additional 428 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Generac by 95.7% in the second quarter. GAMMA Investing LLC now owns 920 shares of the technology company’s stock worth $122,000 after purchasing an additional 450 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GNRC. JPMorgan Chase & Co. boosted their price target on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Stifel Nicolaus boosted their price target on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Stephens reiterated an “overweight” rating and set a $200.00 price objective on shares of Generac in a research report on Monday, August 5th. Finally, StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.58.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 29,081 shares of the 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 completion of the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 over the last three months. 2.90% of the stock is owned by company insiders.

Generac Stock Down 1.2 %

Shares of GNRC opened at $188.20 on Friday. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a fifty day moving average price of $172.92 and a 200-day moving average price of $155.26. The firm has a market capitalization of $11.20 billion, a P/E ratio of 39.05, a P/E/G ratio of 2.33 and a beta of 1.37. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping 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 company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts expect that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Generac Profile

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.