4,469 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRCFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,469 shares of the technology company’s stock, valued at approximately $578,000.

Other institutional investors also recently modified their holdings of the company. Gabelli Funds LLC acquired a new position in shares of Generac during the third quarter valued at $1,362,000. Charles Schwab Investment Management Inc. lifted its position in Generac by 42.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after purchasing an additional 194,265 shares during the period. Pathstone Family Office LLC boosted its stake in shares of Generac by 26.2% in the 3rd quarter. Pathstone Family Office LLC now owns 3,853 shares of the technology company’s stock valued at $420,000 after purchasing an additional 800 shares during the last quarter. Huntington National Bank grew its position in shares of Generac by 749.3% during the 3rd quarter. Huntington National Bank now owns 1,172 shares of the technology company’s stock worth $128,000 after buying an additional 1,034 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Generac by 15.4% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,515 shares of the technology company’s stock worth $1,364,000 after buying an additional 1,668 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Patrick John Forsythe sold 65,855 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares of the company’s stock, valued at approximately $2,889,027. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Patrick John Forsythe sold 65,855 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total transaction of $9,601,659.00. Following the transaction, the insider now directly owns 19,815 shares in the company, valued at approximately $2,889,027. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nam Tran Nguyen sold 546 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the completion of the sale, the director now owns 3,512 shares of the company’s stock, valued at $493,611.60. The disclosure for this sale can be found here. Insiders have sold 80,785 shares of company stock valued at $11,688,161 in the last 90 days. 2.80% of the stock is currently owned by insiders.

Generac Stock Performance

Shares of GNRC opened at $138.25 on Friday. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 1.92 and a beta of 1.44. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The firm has a fifty day simple moving average of $138.69 and a 200 day simple moving average of $126.13. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRCGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $889.27 million during the quarter, compared to the consensus estimate of $886.60 million. During the same period in the prior year, the business posted $0.63 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Research analysts forecast that Generac Holdings Inc. will post 6.08 EPS for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the subject of several recent research reports. OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group raised their target price on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Truist Financial upped their price target on Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $149.00 price objective on shares of Generac in a research note on Thursday, May 23rd. Finally, Oppenheimer downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $141.05.

Get Our Latest Analysis on Generac

About Generac

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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