Empirical Finance LLC Has $268,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Empirical Finance LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,689 shares of the technology company’s stock after acquiring an additional 66 shares during the quarter. Empirical Finance LLC’s holdings in Generac were worth $268,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GNRC. Capital World Investors grew its stake in shares of Generac by 2.1% in the first quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after purchasing an additional 25,646 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Generac during the 2nd quarter worth approximately $98,282,000. Dimensional Fund Advisors LP increased its stake in Generac by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after purchasing an additional 35,026 shares in the last quarter. Ninety One UK Ltd raised its stake in Generac by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock worth $68,720,000 after buying an additional 3,849 shares during the period. Finally, Blair William & Co. IL raised its position in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at approximately $89,346,790.61. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,268 shares of company stock valued at $7,584,853 in the last three months. Company insiders own 2.90% of the company’s stock.

Generac Trading Down 2.4 %

Shares of GNRC stock opened at $181.82 on Monday. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company’s fifty day simple moving average is $164.01 and its two-hundred day simple moving average is $151.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 37.72, a PEG ratio of 2.23 and a beta of 1.37.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.16 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. As a group, analysts anticipate that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on GNRC. Wells Fargo & Company boosted their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Citigroup upped their target price on shares of Generac from $128.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price target on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lowered their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Piper Sandler lifted their target price on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.21.

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.