D L Carlson Investment Group Inc. Grows Position in Generac Holdings Inc. (NYSE:GNRC)

D L Carlson Investment Group Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,877 shares of the technology company’s stock after acquiring an additional 675 shares during the quarter. Generac makes up about 1.7% of D L Carlson Investment Group Inc.’s investment portfolio, making the stock its 13th largest position. D L Carlson Investment Group Inc.’s holdings in Generac were worth $5,396,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Generac by 48.6% during the second quarter. JPMorgan Chase & Co. now owns 2,962,407 shares of the technology company’s stock valued at $206,688,000 after buying an additional 969,451 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Generac during the second quarter valued at about $51,217,000. Scout Investments Inc. purchased a new stake in shares of Generac during the third quarter valued at about $40,399,000. Invesco Ltd. lifted its position in shares of Generac by 601.6% during the second quarter. Invesco Ltd. now owns 589,050 shares of the technology company’s stock valued at $40,887,000 after buying an additional 505,093 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Generac during the second quarter valued at about $31,671,000. 96.48% of the stock is owned by institutional investors.

In other news, insider Russell S. Minick sold 10,328 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $73.91, for a total transaction of $763,342.48. Following the transaction, the insider now owns 24,743 shares in the company, valued at $1,828,755.13. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

GNRC opened at $93.40 on Friday. Generac Holdings Inc. has a 52-week low of $45.43 and a 52-week high of $98.37. The company has a quick ratio of 1.00, a current ratio of 2.19 and a debt-to-equity ratio of 1.18. The company has a market cap of $5.80 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17. The firm’s 50-day moving average price is $85.07 and its 200-day moving average price is $71.93.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.10. Generac had a net margin of 11.85% and a return on equity of 37.71%. The firm had revenue of $601.14 million for the quarter, compared to the consensus estimate of $583.14 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Generac Holdings Inc. will post 4.91 EPS for the current fiscal year.

Several research firms have commented on GNRC. Canaccord Genuity set a $95.00 price target on shares of Generac and gave the company a “hold” rating in a research report on Friday, November 1st. Northcoast Research increased their price target on shares of Generac from $93.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, November 5th. ValuEngine downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Bank of America downgraded shares of Generac from a “buy” rating to a “neutral” rating and set a $108.00 price objective on the stock. in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

Further Reading: Investing in Dividend Stocks

Want to see what other hedge funds are holding GNRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Generac Holdings Inc. (NYSE:GNRC).

Institutional Ownership by Quarter for Generac (NYSE:GNRC)

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.