Generac Holdings Inc. (NYSE:GNRC) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 728,539 shares of the technology company's stock after buying an additional 16,954 shares during the quarter. Dimensional Fund Advisors LP owned 1.22% of Generac worth $112,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB purchased a new position in Generac during the 4th quarter valued at about $5,229,000. Global Financial Private Client LLC purchased a new position in Generac during the fourth quarter valued at approximately $614,000. Franklin Resources Inc. increased its stake in Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after buying an additional 14,811 shares during the period. Barclays PLC lifted its position in Generac by 41.4% in the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after buying an additional 54,202 shares in the last quarter. Finally, Dakota Wealth Management boosted its stake in shares of Generac by 59.1% during the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company's stock valued at $7,597,000 after buying an additional 18,197 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GNRC shares. Truist Financial cut their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Piper Sandler lowered their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.40.

Generac Price Performance

Shares of NYSE:GNRC opened at $112.97 on Friday. The business's 50 day moving average is $124.62 and its 200-day moving average is $151.62. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $6.73 billion, a PE ratio of 20.92, a PEG ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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%. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on 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 directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.90% of the company's stock.

About Generac

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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