Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 37.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 303,468 shares of the technology company's stock after buying an additional 83,035 shares during the period. Federated Hermes Inc. owned 0.51% of Generac worth $47,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of GNRC. Allworth Financial LP lifted its position in shares of Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after buying an additional 80 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after buying an additional 84 shares during the last quarter. Wedbush Securities Inc. raised its holdings in Generac by 3.9% during the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after buying an additional 84 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares during the period. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Generac by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock worth $235,000 after buying an additional 90 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is currently owned by company insiders.

Generac Stock Performance

Generac stock traded up $1.74 during mid-day trading on Friday, reaching $110.15. 767,492 shares of the company traded hands, compared to its average volume of 888,966. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The firm's fifty day moving average is $131.98 and its two-hundred day moving average is $155.40. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

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

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research analyst reports. Stifel Nicolaus cut 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, February 13th. Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Robert W. Baird reduced their price objective on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Piper Sandler lowered their target price on Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.60.

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.