Barnett & Company Inc. Has $3.42 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Barnett & Company Inc. lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 18.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,525 shares of the technology company’s stock after purchasing an additional 3,400 shares during the quarter. Generac accounts for approximately 2.3% of Barnett & Company Inc.’s investment portfolio, making the stock its 13th largest holding. Barnett & Company Inc.’s holdings in Generac were worth $3,420,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC boosted its position in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the last quarter. Blue Trust Inc. increased its holdings in Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after purchasing an additional 97 shares in the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in Generac in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 2.1 %

Shares of NYSE:GNRC traded down $4.12 during mid-day trading on Tuesday, reaching $190.99. The stock had a trading volume of 149,193 shares, compared to its average volume of 955,521. Generac Holdings Inc. has a twelve month low of $102.23 and a twelve month high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The firm has a market cap of $11.36 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37. The firm has a 50 day simple moving average of $159.83 and a two-hundred day simple moving average of $150.10.

Generac (NYSE:GNRC) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the firm posted $1.64 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CFO York A. Ragen sold 29,081 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. This represents a 0.00 % 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, EVP Rajendra Kumar Kanuru sold 3,187 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,268 shares of company stock valued at $7,584,853. Company insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on GNRC shares. Stephens restated an “overweight” rating and set a $200.00 target price on shares of Generac in a report on Monday, August 5th. 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 note on Tuesday, October 22nd. Scotiabank increased their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. TD Cowen raised their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. One 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 stock presently has an average rating of “Moderate Buy” and an average target price of $169.10.

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.