Generac Holdings Inc. (NYSE:GNRC) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,691 shares of the technology company's stock after selling 3,460 shares during the period. California Public Employees Retirement System owned 0.16% of Generac worth $14,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Modus Advisors LLC acquired a new stake in shares of Generac during the fourth quarter worth about $27,000. Versant Capital Management Inc raised its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after acquiring an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Generac during the 4th quarter worth approximately $28,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac in the 4th quarter valued at approximately $31,000. Finally, Spire Wealth Management increased its holdings in shares of Generac by 203.6% in the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after purchasing an additional 169 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on 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 owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of 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 dropped their price target 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. Truist Financial reduced their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Bank of America assumed coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Ten equities research analysts have rated the stock with a hold rating and eleven 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 $175.60.

Generac Price Performance

GNRC traded up $12.87 during midday trading on Wednesday, reaching $114.79. 1,879,324 shares of the company's stock were exchanged, compared to its average volume of 888,286. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The stock has a market capitalization of $6.84 billion, a PE ratio of 21.26, a P/E/G ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business's 50-day moving average price is $132.70 and its 200 day moving average price is $155.69.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data 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, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Company 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.