Kovitz Investment Group Partners LLC Buys 6,932 Shares of Generac Holdings Inc. (NYSE:GNRC)

Kovitz Investment Group Partners LLC increased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,096 shares of the technology company's stock after purchasing an additional 6,932 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.08% of Generac worth $6,992,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GNRC. Vanguard Group Inc. increased its stake in shares of Generac by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after buying an additional 47,450 shares during the period. Boston Partners raised its holdings in shares of Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after purchasing an additional 469,575 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Generac by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after buying an additional 16,954 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the subject of several recent research reports. Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Piper Sandler decreased their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Truist Financial 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, January 16th. Finally, Robert W. Baird reduced their price target on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.40.

Generac Stock Performance

Shares of GNRC stock opened at $112.97 on Friday. The stock has a market cap of $6.73 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The business has a 50-day simple moving average of $124.62 and a 200-day simple moving average of $151.62. 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 released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by company insiders.

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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