Envestnet Asset Management Inc. Has $84.07 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Envestnet Asset Management Inc. lifted its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 542,197 shares of the technology company's stock after purchasing an additional 6,933 shares during the quarter. Envestnet Asset Management Inc. owned about 0.91% of Generac worth $84,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GNRC. Norges Bank acquired a new stake in Generac in the 4th quarter valued at $90,913,000. Boston Partners boosted its stake in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after acquiring an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings 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 worth $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Jennison Associates LLC raised its stake in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after acquiring an additional 384,434 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Generac during the 4th quarter valued at $46,785,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

GNRC stock traded up $4.64 during midday trading on Monday, reaching $114.89. 230,421 shares of the stock were exchanged, compared to its average volume of 895,986. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The company has a fifty day moving average price of $131.34 and a 200 day moving average price of $155.16. 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 stock has a market capitalization of $6.85 billion, a PE ratio of 21.28, a P/E/G ratio of 1.44 and a beta of 1.58.

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Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results 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 return on equity of 18.17% and a net margin of 7.36%. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. Finally, The Goldman Sachs Group reduced their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.60.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.90% of the company's stock.

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.