Boston Partners raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 39.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,903,297 shares of the technology company's stock after acquiring an additional 533,612 shares during the quarter. Boston Partners owned approximately 3.20% of Generac worth $295,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Modus Advisors LLC purchased a new position in shares of Generac during the 4th quarter worth $27,000. Cranbrook Wealth Management LLC purchased a new position in shares of Generac during the 4th quarter valued at $28,000. Versant Capital Management Inc lifted its stake in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after buying an additional 145 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Generac during the 3rd quarter valued at $31,000. Finally, SouthState Corp purchased a new position in shares of Generac during the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 84.04% of the company's stock.
Generac Trading Down 1.3 %
NYSE:GNRC traded down $1.80 during mid-day trading on Friday, hitting $131.57. 1,064,192 shares of the stock traded hands, compared to its average volume of 880,104. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $115.76 and a 52 week high of $195.94. The firm's 50 day moving average is $143.39 and its two-hundred day moving average is $157.97. 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 issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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, equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Piper Sandler lowered their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. UBS Group lifted 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, Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Ten analysts have rated the stock with a hold rating and twelve have given 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 $174.00.
Read Our Latest Analysis on GNRC
Insider Activity at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.90% of the stock is currently owned by insiders.
Generac Company Profile
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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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