CenterBook Partners LP acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,718 shares of the technology company's stock, valued at approximately $887,000.
A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. Vanguard Group Inc. lifted its holdings in Generac by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after purchasing an additional 47,450 shares during the last quarter. Boston Partners raised its holdings in Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after buying an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after purchasing an additional 469,575 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Generac by 133.6% in the fourth 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 period. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Generac Stock Up 2.8 %
GNRC traded up $3.12 on Monday, hitting $113.37. 990,833 shares of the company were exchanged, compared to its average volume of 889,278. The stock's fifty day moving average is $131.34 and its 200-day moving average is $155.16. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a market cap of $6.76 billion, a PE ratio of 20.99, a PEG ratio of 1.44 and a beta of 1.58. 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 (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 the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently commented on GNRC shares. Wells Fargo & Company reduced their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Robert W. Baird lowered their price objective 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. Finally, The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.60.
Read Our Latest Report on Generac
Insider Buying and Selling at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm'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 value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.90% of the company's stock.
Generac Company Profile
(
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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