Nisa Investment Advisors LLC Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Nisa Investment Advisors LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 17.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,008 shares of the technology company’s stock after buying an additional 303 shares during the period. Nisa Investment Advisors LLC’s holdings in Generac were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC increased 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 acquiring an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Generac by 611.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after buying an additional 220 shares during the period. Blue Trust Inc. lifted its position in Generac by 73.5% in the third quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after buying an additional 97 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in Generac during the second quarter worth about $38,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GNRC. Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group boosted their target price on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their price target on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Northland Securities boosted their price objective on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.10.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares in the company, valued at approximately $92,825,688.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.

Generac Trading Up 6.5 %

GNRC opened at $181.80 on Wednesday. The business’s 50-day simple moving average is $157.94 and its 200-day simple moving average is $149.02. The company has a market cap of $10.94 billion, a P/E ratio of 37.72, a PEG ratio of 2.11 and a beta of 1.37. Generac Holdings Inc. has a one year low of $100.23 and a one year high of $182.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Generac Holdings Inc. will post 6.67 EPS for the current fiscal year.

About Generac

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.