Quantbot Technologies LP bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 29,184 shares of the technology company's stock, valued at approximately $4,525,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of GNRC. Raymond James Trust N.A. grew its holdings in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company's stock valued at $541,000 after purchasing an additional 1,177 shares in the last quarter. Nordea Investment Management AB acquired a new position in shares of Generac in the fourth quarter worth $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac during the fourth quarter worth $614,000. Franklin Resources Inc. raised its stake in shares of Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after acquiring an additional 14,811 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock valued at $11,324,000 after purchasing an additional 3,426 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.90% of the company's stock.
Wall Street Analysts Forecast Growth
GNRC has been the topic of several recent research reports. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, February 13th. Robert W. Baird decreased their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Truist Financial dropped their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, UBS Group lifted their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average price target of $174.00.
Read Our Latest Analysis on Generac
Generac Stock Performance
NYSE:GNRC traded up $1.93 during trading hours on Wednesday, reaching $133.82. 629,867 shares of the company's stock were exchanged, compared to its average volume of 881,068. 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 firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 1-year low of $110.86 and a 1-year high of $195.94. The company has a 50-day moving average of $144.92 and a 200 day moving average of $158.49.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.
About Generac
(
Free Report)
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.
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