Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. increased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 145.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,707 shares of the technology company's stock after acquiring an additional 41,935 shares during the period. Franklin Resources Inc. owned approximately 0.12% of Generac worth $10,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after purchasing an additional 47,450 shares during the last quarter. Boston Partners lifted its position in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after buying an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after buying an additional 469,575 shares during the last quarter. Jennison Associates LLC grew its holdings 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 buying an additional 384,434 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Generac in the 4th quarter worth $90,913,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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Generac Stock Performance

Shares of NYSE:GNRC traded up $1.74 during trading on Friday, reaching $110.15. The company had a trading volume of 767,492 shares, compared to its average volume of 889,276. 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's fifty day moving average price is $131.98 and its 200 day moving average price 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 firm 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.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GNRC shares. Robert W. Baird decreased 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. The Goldman Sachs Group reduced their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup dropped their target price on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial reduced 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, January 16th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $175.60.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer now owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.