Swiss National Bank Sells 100 Shares of Generac Holdings Inc. (NYSE:GNRC)

Swiss National Bank lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 0.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 118,400 shares of the technology company’s stock after selling 100 shares during the period. Swiss National Bank owned approximately 0.20% of Generac worth $18,811,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GNRC. EntryPoint Capital LLC grew its holdings in Generac by 73.2% in the 1st 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. lifted its stake in Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC raised its position 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 purchasing an additional 220 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new position in shares of Generac during the second quarter worth about $38,000. 84.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 over the last ninety days. 2.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GNRC shares. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company upped their target price on shares of Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Scotiabank raised their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Robert W. Baird lowered their target price on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $174.05.

Generac Price Performance

Shares of Generac stock opened at $183.57 on Friday. The stock has a market capitalization of $10.92 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37. Generac Holdings Inc. has a one year low of $108.89 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The business’s 50 day simple moving average is $166.29 and its two-hundred day simple moving average is $152.86.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $1.64 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. Analysts forecast that Generac Holdings Inc. will post 6.8 EPS for the current year.

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.