Clean Energy Transition LLP Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Clean Energy Transition LLP acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 202,729 shares of the technology company's stock, valued at approximately $31,433,000. Generac comprises approximately 1.2% of Clean Energy Transition LLP's investment portfolio, making the stock its 9th biggest position. Clean Energy Transition LLP owned 0.34% of Generac at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GNRC. Quantinno Capital Management LP bought a new stake in shares of Generac in the 3rd quarter worth approximately $354,000. National Bank of Canada FI boosted its holdings in Generac by 44.6% in the third quarter. National Bank of Canada FI now owns 44,704 shares of the technology company's stock valued at $7,103,000 after acquiring an additional 13,786 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Generac by 2.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,079 shares of the technology company's stock valued at $3,667,000 after purchasing an additional 631 shares during the period. Barclays PLC lifted its position in shares of Generac by 41.4% in the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after purchasing an additional 54,202 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Generac during the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GNRC shares. UBS Group increased their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced their target price 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. Citigroup cut their price objective on shares of Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped 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, February 13th. Finally, The Goldman Sachs Group reduced their price objective on 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.60.

Generac Stock Performance

GNRC traded down $0.35 during mid-day trading on Tuesday, reaching $113.08. 597,039 shares of the company traded hands, compared to its average volume of 888,118. The stock has a market capitalization of $6.74 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. 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 company's fifty day moving average price is $130.76 and its 200-day moving average price is $154.87.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $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 through this hyperlink. 2.90% of the stock is owned by corporate insiders.

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.