Herbst Group LLC Buys New Position in Generac Holdings Inc. (NYSE:GNRC)

Herbst Group LLC bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,394 shares of the technology company’s stock, valued at approximately $2,077,000.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Generac by 5.2% in the 2nd 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 last quarter. The Manufacturers Life Insurance Company increased its stake in Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after buying an additional 299,205 shares during the period. Mackenzie Financial Corp lifted its position in Generac by 21.4% in the second quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock worth $55,548,000 after purchasing an additional 74,115 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock valued at $61,262,000 after buying an additional 20,576 shares in the last quarter. Finally, Jennison Associates LLC acquired a new position in shares of Generac in the 3rd quarter worth approximately $45,722,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus increased their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Roth Mkm boosted their target price 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. Finally, The Goldman Sachs Group raised their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.30.

Insider Activity

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now directly owns 557,177 shares in the company, valued at $92,825,688.20. This represents a 0.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,268 shares of company stock worth $7,577,703. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Up 0.5 %

GNRC stock opened at $161.12 on Friday. The business’s 50-day simple moving average is $170.92 and its 200 day simple moving average is $160.76. 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 twelve month low of $108.89 and a twelve month high of $195.94. The company has a market cap of $9.59 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $1.64 earnings per share. Generac’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

About Generac

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.