Fortis Capital Advisors LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,503 shares of the technology company's stock, valued at approximately $861,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GNRC. Norges Bank acquired a new stake in shares of Generac during the fourth quarter worth approximately $90,913,000. Boston Partners grew 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 worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Jennison Associates LLC raised its stake in shares of 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 purchasing an additional 384,434 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Generac during the fourth quarter worth about $46,785,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Insider Activity at Generac
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade 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 the SEC website. Company insiders own 2.90% of the company's stock.
Generac Stock Performance
GNRC stock traded down $0.35 during trading on Tuesday, reaching $113.08. 597,072 shares of the company's stock were exchanged, compared to its average volume of 888,098. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The firm has a market cap of $6.74 billion, a PE ratio of 20.94, a P/E/G ratio of 1.44 and a beta of 1.58. The company's fifty day moving average price is $130.76 and its 200-day moving average price is $154.87. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.
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, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GNRC has been the subject of several research analyst reports. Citigroup lowered 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. Truist Financial lowered their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. UBS Group boosted their target price 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. Finally, Robert W. Baird reduced their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.60.
Get Our Latest Stock Report on Generac
About Generac
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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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