Mesirow Financial Investment Management Inc. Invests $233,000 in Generac Holdings Inc. (NYSE:GNRC)

Mesirow Financial Investment Management Inc. purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,467 shares of the technology company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. EntryPoint Capital LLC increased its holdings in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring 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 period. Blue Trust Inc. grew its holdings in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock worth $36,000 after purchasing an additional 97 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of Generac during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

Shares of GNRC stock opened at $190.32 on Wednesday. The company has a market cap of $11.32 billion, a P/E ratio of 39.49, a PEG ratio of 2.32 and a beta of 1.37. The firm has a fifty day moving average price of $161.47 and a 200 day moving average price of $150.85. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. Generac Holdings Inc. has a 12 month low of $102.23 and a 12 month high of $195.94.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 target price (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. Robert W. Baird lowered their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler raised their price target on Generac from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price objective on Generac from $148.00 to $193.00 and gave the company a “buy” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $169.10.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 over the last three months. Insiders own 2.90% of the company’s stock.

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.