Principal Street Partners LLC Has $738,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Principal Street Partners LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,649 shares of the technology company’s stock after selling 95 shares during the quarter. Principal Street Partners LLC’s holdings in Generac were worth $738,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GNRC. EntryPoint Capital LLC lifted its position in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Generac by 4.4% in the 1st quarter. Advisors Asset Management Inc. now owns 7,140 shares of the technology company’s stock worth $901,000 after acquiring an additional 298 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Generac by 379,978.6% in the 1st quarter. Lazard Asset Management LLC now owns 53,211 shares of the technology company’s stock worth $6,712,000 after purchasing an additional 53,197 shares during the period. BOKF NA increased its stake in shares of Generac by 18.0% in the first quarter. BOKF NA now owns 7,826 shares of the technology company’s stock worth $997,000 after purchasing an additional 1,191 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in Generac by 2.2% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company’s stock worth $558,000 after purchasing an additional 94 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Trading Down 1.1 %

Generac stock traded down $2.11 during mid-day trading on Tuesday, hitting $189.57. The stock had a trading volume of 24,566 shares, compared to its average volume of 944,675. The stock has a market capitalization of $11.28 billion, a PE ratio of 39.75, a P/E/G ratio of 2.32 and a beta of 1.37. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $169.12 and a two-hundred day simple moving average of $154.04.

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

Insider Activity

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred on 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock worth $7,584,853 over the last quarter. 2.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several recent research reports. TD Cowen raised their target price on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Robert W. Baird dropped their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Northland Securities boosted their price target on Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Stifel Nicolaus increased their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Canaccord Genuity Group upped their target price on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $174.58.

Generac 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.