Knights of Columbus Asset Advisors LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Knights of Columbus Asset Advisors LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,665 shares of the technology company’s stock, valued at approximately $4,358,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kentucky Retirement Systems purchased a new position in Generac in the second quarter valued at approximately $1,522,000. Sigma Planning Corp grew its position in shares of Generac by 8.2% during the second quarter. Sigma Planning Corp now owns 6,994 shares of the technology company’s stock worth $2,904,000 after acquiring an additional 532 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Generac by 10.5% during the second quarter. ProShare Advisors LLC now owns 9,022 shares of the technology company’s stock worth $3,745,000 after acquiring an additional 857 shares during the last quarter. Royal Bank of Canada grew its position in shares of Generac by 15.5% during the second quarter. Royal Bank of Canada now owns 167,599 shares of the technology company’s stock worth $69,577,000 after acquiring an additional 22,529 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Generac by 1.4% during the second quarter. Thrivent Financial for Lutherans now owns 83,394 shares of the technology company’s stock worth $34,621,000 after acquiring an additional 1,181 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently weighed in on GNRC. UBS Group raised Generac from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $500.00 to $480.00 in a report on Monday. Bank of America raised Generac from a “neutral” rating to a “buy” rating and set a $475.00 price target for the company in a report on Thursday, December 16th. Zacks Investment Research downgraded Generac from a “hold” rating to a “strong sell” rating and set a $300.00 target price for the company. in a report on Wednesday, December 22nd. Roth Capital raised their target price on Generac from $500.00 to $555.00 and gave the company a “buy” rating in a report on Wednesday, November 3rd. Finally, Truist initiated coverage on Generac in a report on Friday, October 15th. They issued a “buy” rating and a $500.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $459.10.

In other news, CFO York A. Ragen sold 10,000 shares of the company’s stock in a transaction on Thursday, November 11th. The shares were sold at an average price of $442.63, for a total value of $4,426,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $422.88, for a total transaction of $2,114,400.00. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $9,025,450 in the last three months. Company insiders own 2.80% of the company’s stock.

GNRC stock traded down $4.47 on Friday, hitting $305.87. 5,288 shares of the company were exchanged, compared to its average volume of 816,406. Generac Holdings Inc. has a twelve month low of $243.21 and a twelve month high of $524.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.89 and a quick ratio of 0.97. The business’s fifty day moving average is $380.02 and its two-hundred day moving average is $414.97. The stock has a market capitalization of $19.30 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Tuesday, November 2nd. The technology company reported $2.35 EPS for the quarter, missing the consensus estimate of $2.39 by ($0.04). Generac had a return on equity of 37.32% and a net margin of 15.52%. The company had revenue of $942.70 million for the quarter, compared to analyst estimates of $961.13 million. During the same period last year, the company posted $2.08 EPS. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. Equities research analysts expect that Generac Holdings Inc. will post 9.53 earnings per share for the current year.

Generac Profile

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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