State Street Corp Has $343.66 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

State Street Corp decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,162,994 shares of the technology company's stock after selling 22,024 shares during the quarter. State Street Corp owned about 3.64% of Generac worth $343,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter valued at $31,000. SouthState Corp bought a new stake in Generac in the third quarter valued at about $32,000. Sunbelt Securities Inc. lifted its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after buying an additional 100 shares during the period. Blue Trust Inc. boosted its holdings in Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after buying an additional 97 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler raised their target price on shares of Generac from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Citigroup boosted their price objective on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. StockNews.com raised shares of Generac from a "hold" rating to a "buy" rating in a research report on Monday, October 28th. Barclays assumed coverage on shares of Generac in a research report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price target on the stock. Finally, The Goldman Sachs Group lifted their target price on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.30.

Generac Stock Performance

NYSE:GNRC traded down $5.56 during mid-day trading on Tuesday, hitting $171.35. 806,565 shares of the stock were exchanged, compared to its average volume of 936,517. The firm's 50-day simple moving average is $176.57 and its 200 day simple moving average is $156.85. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.18 and a beta of 1.39. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the previous year, the company earned $1.64 EPS. The business's revenue was up 9.6% on a year-over-year basis. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,268 shares of company stock worth $7,584,853. Company insiders own 2.90% of the company's stock.

Generac 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.