Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 28.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,342 shares of the technology company's stock after acquiring an additional 3,621 shares during the quarter. Teacher Retirement System of Texas' holdings in Generac were worth $2,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners lifted its position in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Jennison Associates LLC lifted 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 purchasing an additional 384,434 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock worth $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Generac by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after buying an additional 2,015 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of Generac by 1.1% during the fourth quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company's stock valued at $75,572,000 after buying an additional 5,105 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

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Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company's stock.

Generac Stock Down 3.0 %

Generac stock traded down $3.98 during midday trading on Friday, hitting $127.11. The stock had a trading volume of 596,441 shares, compared to its average volume of 889,223. 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 business has a fifty day moving average price of $140.67 and a 200 day moving average price of $157.80. Generac Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $195.94. The stock has a market cap of $7.58 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC - Get Free Report) last posted 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 return on equity of 18.17% and a net margin of 7.36%. Research analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on GNRC shares. Stifel Nicolaus lowered their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note 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 note on Wednesday, January 8th. Barclays assumed coverage on Generac in a research note on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target on the stock. Robert W. Baird dropped their price objective on shares of Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.38.

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.