Kirr Marbach & Co. LLC IN lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC – Free Report) by 22.2% during the third quarter, HoldingsChannel reports. The fund owned 46,783 shares of the technology company’s stock after selling 13,345 shares during the quarter. Generac makes up about 1.9% of Kirr Marbach & Co. LLC IN’s portfolio, making the stock its 23rd biggest holding. Kirr Marbach & Co. LLC IN’s holdings in Generac were worth $9,682,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. N.E.W. Advisory Services LLC acquired a new position in Generac during the 2nd quarter valued at $25,000. Avalon Trust Co bought a new stake in Generac in the 1st quarter valued at $32,000. Essential Partners LLC grew its position in Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after purchasing an additional 61 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Generac in the 2nd quarter worth $51,000. Finally, Fiduciary Financial Advisors bought a new position in shares of Generac during the 2nd quarter worth about $50,000. Institutional investors own 84.04% of the company’s stock.
Insider Activity at Generac
In other Generac news, insider Norman P. Taffe sold 150 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $220.00, for a total transaction of $33,000.00. Following the completion of the transaction, the insider owned 10,976 shares in the company, valued at $2,414,720. This trade represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $206.00, for a total value of $1,030,000.00. Following the sale, the chief executive officer directly owned 544,528 shares in the company, valued at $112,172,768. The trade was a 0.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,442 shares of company stock valued at $3,656,537 over the last quarter. 2.40% of the stock is owned by company insiders.
Generac Trading Up 0.6%
Shares of Generac stock opened at $194.44 on Wednesday. The firm has a market capitalization of $11.47 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 1.65 and a beta of 1.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The company’s fifty day moving average price is $201.81 and its two-hundred day moving average price is $227.08. Generac Holdings Inc. has a 52-week low of $134.80 and a 52-week high of $296.44.
Generac (NYSE:GNRC – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Generac had a net margin of 5.82% and a return on equity of 17.83%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. On average, analysts expect that Generac Holdings Inc. will post 9.74 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on GNRC shares. Roth Capital upped their price objective on shares of Generac from $214.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th. Robert W. Baird set a $305.00 target price on Generac in a research report on Thursday, July 30th. Wall Street Zen raised Generac from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Cantor Fitzgerald lowered their price target on Generac from $333.00 to $297.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a report on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.55.
View Our Latest Report on Generac
About Generac
Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.
The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.
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