Capital World Investors Cuts Stake in Generac Holdings Inc. (NYSE:GNRC)

Capital World Investors decreased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,332,290 shares of the technology company's stock after selling 58,573 shares during the period. Capital World Investors owned about 2.24% of Generac worth $206,572,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Generac by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after acquiring an additional 16,954 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Generac by 828.0% during the fourth quarter. First Trust Advisors LP now owns 168,548 shares of the technology company's stock valued at $26,133,000 after buying an additional 150,385 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in Generac during the 4th quarter worth approximately $1,177,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Generac by 13.5% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 19,737 shares of the technology company's stock valued at $3,060,000 after buying an additional 2,342 shares during the last quarter. Finally, Fairfield Bush & CO. grew its stake in shares of Generac by 9.4% in the 4th quarter. Fairfield Bush & CO. now owns 7,527 shares of the technology company's stock worth $1,167,000 after acquiring an additional 645 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of several analyst reports. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. UBS Group boosted their price target on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. Finally, Piper Sandler decreased their price objective on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $173.40.

Generac Price Performance

Shares of Generac stock traded down $0.84 on Friday, hitting $112.97. The company's stock had a trading volume of 551,902 shares, compared to its average volume of 871,024. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The firm has a fifty day moving average price of $125.24 and a 200-day moving average price of $152.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94.

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

About Generac

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.