Union Bancaire Privee UBP SA Buys New Shares in Generac Holdings Inc. (NYSE:GNRC)

Union Bancaire Privee UBP SA acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,390 shares of the technology company's stock, valued at approximately $352,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jennison Associates LLC grew its position in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after purchasing an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock worth $88,944,000 after acquiring an additional 299,205 shares during the period. Disciplined Growth Investors Inc. MN grew its holdings in shares of Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock worth $61,262,000 after purchasing an additional 20,576 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Generac by 25,311.7% during the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock valued at $42,433,000 after purchasing an additional 266,026 shares during the period. Finally, Stephens Investment Management Group LLC raised its stake in shares of Generac by 25.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 241,114 shares of the technology company's stock valued at $37,385,000 after purchasing an additional 48,765 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

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Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company's stock.

Generac Trading Down 0.1 %

GNRC stock traded down $0.20 during midday trading on Friday, reaching $136.04. The company's stock had a trading volume of 732,387 shares, compared to its average volume of 855,968. Generac Holdings Inc. has a 52 week low of $109.90 and a 52 week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.11 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The business's 50-day simple moving average is $151.41 and its 200-day simple moving average is $160.24.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GNRC shares. Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Piper Sandler cut their target price on Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average price target of $174.00.

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.