Oak Harvest Investment Services Purchases 2,748 Shares of Generac Holdings Inc. (NYSE:GNRC)

Oak Harvest Investment Services lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 23.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,366 shares of the technology company’s stock after purchasing an additional 2,748 shares during the quarter. Oak Harvest Investment Services’ holdings in Generac were worth $2,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. boosted its holdings in Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after acquiring an additional 68 shares in the last quarter. Empirical Finance LLC raised its stake in shares of Generac by 4.5% in the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock worth $220,000 after purchasing an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of Generac by 0.3% in the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock worth $2,981,000 after purchasing an additional 75 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Finally, Mather Group LLC. raised its stake in shares of Generac by 6.5% in the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after purchasing an additional 93 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. The Goldman Sachs Group upped their price objective on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Piper Sandler upped their price objective on Generac from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Citigroup upped their price objective on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird upped their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $165.40.

Generac Trading Down 0.3 %

Shares of NYSE GNRC opened at $165.15 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The business’s 50 day moving average price is $156.37 and its 200-day moving average price is $147.65. Generac Holdings Inc. has a fifty-two week low of $81.62 and a fifty-two week high of $176.14. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 2.15 and a beta of 1.38.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, sell-side analysts expect that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the transaction, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

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.