Nationwide Fund Advisors trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,798 shares of the technology company’s stock after selling 12,754 shares during the period. Nationwide Fund Advisors owned 0.12% of Generac worth $3,298,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Fox Run Management L.L.C. bought a new stake in shares of Generac during the 3rd quarter worth $606,000. Strs Ohio raised its stake in Generac by 145.5% during the 3rd quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock valued at $248,000 after purchasing an additional 3,200 shares during the last quarter. WFG Advisors LP raised its stake in Generac by 20.1% during the 2nd quarter. WFG Advisors LP now owns 9,949 shares of the technology company’s stock valued at $359,000 after purchasing an additional 1,668 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Generac by 10.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock valued at $212,000 after purchasing an additional 565 shares during the last quarter. Finally, Sterneck Capital Management LLC raised its stake in Generac by 17.9% during the 2nd quarter. Sterneck Capital Management LLC now owns 42,340 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 6,440 shares during the last quarter. 95.79% of the stock is owned by institutional investors.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $52.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 1,029,911 shares in the company, valued at approximately $53,555,372. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Russell S. Minick sold 24,085 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $50.92, for a total transaction of $1,226,408.20. Following the completion of the transaction, the chief marketing officer now owns 39,369 shares of the company’s stock, valued at approximately $2,004,669.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,085 shares of company stock valued at $1,725,208. Corporate insiders own 3.00% of the company’s stock.

GNRC has been the subject of several research analyst reports. BidaskClub upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, October 11th. Canaccord Genuity reiterated a “hold” rating and set a $42.00 target price (up from $40.00) on shares of Generac in a research note on Friday, September 8th. Bank of America upgraded shares of Generac from an “underperform” rating to a “neutral” rating and upped their target price for the company from $34.00 to $45.00 in a research note on Thursday, September 7th. Finally, KeyCorp upped their target price on shares of Generac from $55.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $53.00.

Generac Holdings Inc. (NYSE GNRC) opened at $48.94 on Monday. Generac Holdings Inc. has a one year low of $33.77 and a one year high of $53.78. The stock has a market cap of $3,042.31, a price-to-earnings ratio of 15.54, a PEG ratio of 1.69 and a beta of 1.74. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 1.92.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Generac had a net margin of 7.47% and a return on equity of 46.06%. The company had revenue of $457.25 million during the quarter, compared to analysts’ expectations of $420.42 million. During the same quarter in the prior year, the company posted $0.82 EPS. The business’s revenue was up 22.5% on a year-over-year basis. sell-side analysts forecast that Generac Holdings Inc. will post 3.22 earnings per share for the current year.

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Generac Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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