Kingfisher Capital LLC Purchases 900 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kingfisher Capital LLC lifted its stake in Generac Holdings Inc. (NYSE:GNRC) by 45.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,867 shares of the technology company’s stock after purchasing an additional 900 shares during the period. Kingfisher Capital LLC’s holdings in Generac were worth $456,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares in the last quarter. Brooklyn Investment Group bought a new position in Generac in the third quarter worth about $31,000. SouthState Corp purchased a new stake in shares of Generac during the third quarter valued at about $32,000. Capital Advisors Ltd. LLC boosted its stake in Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after acquiring an additional 220 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,268 shares of company stock worth $7,584,853. Insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of GNRC opened at $190.40 on Friday. 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 $11.33 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 2.33 and a beta of 1.37. Generac Holdings Inc. has a 52 week low of $108.89 and a 52 week high of $195.94. The stock has a 50 day moving average of $171.99 and a 200-day moving average of $154.93.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GNRC. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Stifel Nicolaus raised their price objective on Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler upped their target price on Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. TD Cowen upped their price objective 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, Robert W. Baird reduced their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.58.

Generac Company 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.