Charles Schwab Investment Management Inc. boosted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 0.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 557,986 shares of the technology company's stock after purchasing an additional 2,015 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.94% of Generac worth $86,516,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its stake in Generac by 23.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 1,147 shares of the technology company's stock worth $182,000 after purchasing an additional 220 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of 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 buying an additional 3,426 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Generac in the third quarter valued at approximately $233,000. Sigma Planning Corp acquired a new stake in Generac during the third quarter worth approximately $207,000. Finally, Delta Financial Advisors LLC increased its stake in Generac by 24.5% during the 3rd quarter. Delta Financial Advisors LLC now owns 5,909 shares of the technology company's stock worth $939,000 after acquiring an additional 1,163 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Generac
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction 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 in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.90% of the company's stock.
Generac Trading Up 0.8 %
Shares of GNRC traded up $1.08 during mid-day trading on Wednesday, reaching $132.42. 291,967 shares of the company were exchanged, compared to its average volume of 881,559. The business has a 50 day simple moving average of $147.68 and a two-hundred day simple moving average of $159.37. Generac Holdings Inc. has a 52 week low of $110.35 and a 52 week high of $195.94. The stock has a market capitalization of $7.89 billion, a PE ratio of 24.53, a PEG ratio of 1.44 and a beta of 1.50. 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%. On average, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on GNRC. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group cut their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. UBS Group lifted their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. Finally, Wells Fargo & Company decreased their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $174.00.
Check Out Our Latest Stock Analysis on GNRC
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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