6,846 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by Radnor Capital Management LLC

Radnor Capital Management LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 6,846 shares of the technology company’s stock, valued at approximately $1,088,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Willis Investment Counsel grew its holdings in shares of Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock valued at $928,000 after purchasing an additional 3,244 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Generac in the first quarter valued at approximately $1,053,000. Nwam LLC raised its holdings in Generac by 135.8% during the first quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock worth $768,000 after purchasing an additional 3,242 shares in the last quarter. Finally, Natixis lifted its position in shares of Generac by 716.5% during the 1st quarter. Natixis now owns 1,135 shares of the technology company’s stock worth $143,000 after buying an additional 996 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Performance

NYSE:GNRC opened at $183.50 on Thursday. Generac Holdings Inc. has a fifty-two week low of $100.23 and a fifty-two week high of $188.30. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock has a market cap of $11.04 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The firm’s fifty day simple moving average is $158.54 and its 200-day simple moving average is $149.27.

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, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. Generac’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $1.64 EPS. Analysts expect that Generac Holdings Inc. will post 6.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on GNRC shares. The Goldman Sachs Group lifted their price target on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Citigroup increased their price objective on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Truist Financial upped their price target on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average target price of $169.10.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the transaction, the chief executive officer now directly owns 557,177 shares in the company, valued at approximately $92,825,688.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.