Kentucky Retirement Systems Has $666,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Kentucky Retirement Systems lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,191 shares of the technology company’s stock after selling 377 shares during the period. Kentucky Retirement Systems’ holdings in Generac were worth $666,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Empirical Finance LLC grew its stake in Generac by 4.1% during the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after purchasing an additional 66 shares during the period. Duncker Streett & Co. Inc. grew its stake in Generac by 2.4% during the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after purchasing an additional 68 shares during the period. Johnson Investment Counsel Inc. grew its stake in Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares during the period. Nicollet Investment Management Inc. grew its stake in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares during the period. Finally, EntryPoint Capital LLC grew its stake in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Scotiabank raised their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. TD Cowen raised their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Roth Mkm raised their price objective on Generac from $160.00 to $175.00 and gave the company 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 assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $174.05.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, October 1st. The stock was 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 directly owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. 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 Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now owns 10,738 shares of the company’s stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,584,853 over the last ninety days. 2.90% of the stock is currently owned by company insiders.

Generac Stock Performance

Shares of Generac stock opened at $179.94 on Wednesday. The firm has a market capitalization of $10.71 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The business’s fifty day simple moving average is $164.81 and its 200 day simple moving average is $152.34. 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 $108.89 and a 12 month high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 earnings per share. As a group, analysts anticipate 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.