Paloma Partners Management Co Takes $540,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Paloma Partners Management Co bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the third quarter, according to its most recent filing with the SEC. The firm bought 3,400 shares of the technology company’s stock, valued at approximately $540,000.

Other large investors also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in shares of Generac during the second quarter worth $98,282,000. Dimensional Fund Advisors LP lifted its position in Generac by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after acquiring an additional 35,026 shares during the period. The Manufacturers Life Insurance Company grew 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 purchasing 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 second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after purchasing an additional 3,849 shares during the period. Finally, Blair William & Co. IL raised its stake in shares of Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GNRC. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Citigroup increased their price target on Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Roth Mkm upped their target price on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.58.

Generac Trading Down 0.3 %

Shares of Generac stock opened at $186.89 on Wednesday. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market capitalization of $11.12 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 2.30 and a beta of 1.39. The stock has a 50 day moving average of $174.46 and a 200 day moving average of $156.03.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.16 billion. During the same period last year, the company earned $1.64 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, research analysts predict that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Insider Activity

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $5,372,133.13. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last three months, insiders have 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.