Kirr Marbach & Co. LLC IN Sells 13,345 Shares of Generac Holdings Inc. $GNRC

Key Points

• Kirr Marbach & Co. LLC IN reduced its Generac stake by 22.2% in the third quarter, selling 13,345 shares and retaining 46,783 shares valued at approximately $9.7 million.
• Generac insiders sold 18,442 shares worth about $3.66 million over the past three months, while institutional investors own 84.04% of the company.
• Analysts maintain a generally positive outlook, with Generac receiving a “Moderate Buy” consensus rating and an average price target of $290.55; the company also exceeded quarterly EPS expectations, reporting $2.91 versus the $2.01 consensus.

Kirr Marbach & Co. LLC IN trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,783 shares of the technology company's stock after selling 13,345 shares during the quarter. Generac makes up about 1.9% of Kirr Marbach & Co. LLC IN's investment portfolio, making the stock its 23rd largest holding. Kirr Marbach & Co. LLC IN owned approximately 0.08% of Generac worth $9,682,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GNRC. N.E.W. Advisory Services LLC bought a new position in Generac during the second quarter valued at approximately $25,000. Avalon Trust Co bought a new stake in Generac in the first quarter worth approximately $32,000. Essential Partners LLC grew its position in Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company's stock worth $33,000 after acquiring an additional 61 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in Generac in the first quarter worth approximately $36,000. Finally, Root Financial Partners LLC increased its stake in shares of Generac by 32.9% during the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company's stock worth $43,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Activity at Generac

In other Generac news, insider Norman P. Taffe sold 550 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider owned 15,508 shares of the company's stock, valued at $3,393,615.64. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $194.89, for a total transaction of $974,450.00. Following the transaction, the chief executive officer directly owned 554,528 shares of the company's stock, valued at approximately $108,071,961.92. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 18,442 shares of company stock worth $3,656,537. 2.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Generac from $285.00 to $290.00 and gave the company a "buy" rating in a report on Wednesday, September 30th. HSBC cut shares of Generac to a "hold" rating and set a $333.00 price objective for the company. in a report on Thursday, September 17th. Piper Sandler began coverage on shares of Generac in a research report on Thursday, October 8th. They set an "overweight" rating and a $303.00 target price on the stock. DA Davidson set a $333.00 target price on shares of Generac in a research report on Thursday, July 30th. Finally, Roth Capital raised their target price on Generac from $214.00 to $250.00 and gave the company a "neutral" rating in a report on Thursday, September 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and an average price target of $290.55.

Generac Stock Up 0.6%

Shares of Generac stock opened at $194.44 on Wednesday. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average price of $201.81 and a two-hundred day moving average price of $227.08. The stock has a market capitalization of $11.47 billion, a P/E ratio of 44.80, a PEG ratio of 1.65 and a beta of 1.91.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The company's quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts expect that Generac Holdings Inc. will post 9.74 earnings per share for the current year.

About Generac

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.