Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Barclays PLC

Barclays PLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 41.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 185,193 shares of the technology company’s stock after purchasing an additional 54,202 shares during the period. Barclays PLC owned 0.31% of Generac worth $29,425,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GNRC. William Blair Investment Management LLC acquired a new position in Generac during the 2nd quarter valued at approximately $98,282,000. Dimensional Fund Advisors LP boosted its holdings in shares of Generac by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after acquiring an additional 35,026 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after acquiring an additional 299,205 shares during the last quarter. Ninety One UK Ltd increased its holdings in shares of Generac by 0.7% in the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock worth $68,720,000 after acquiring an additional 3,849 shares during the period. Finally, Blair William & Co. IL lifted its position in Generac by 29.2% in the 2nd quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after purchasing an additional 103,439 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on GNRC. Barclays started coverage on shares of Generac in a research note on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 price target on the stock. Stifel Nicolaus lifted their target price on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Robert W. Baird cut their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Roth Mkm increased 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.30.

Generac Trading Down 3.7 %

Shares of NYSE GNRC opened at $167.25 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.09 and a beta of 1.39. The business has a fifty day simple moving average of $177.48 and a 200-day simple moving average of $157.36.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 earnings per share. Sell-side analysts predict that Generac Holdings Inc. will post 6.84 EPS for the current year.

Insider Buying and Selling

In other news, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the transaction, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 directly owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,268 shares of company stock valued at $7,584,853. Company insiders own 2.90% of the company’s stock.

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.