New York State Common Retirement Fund Sells 2,500 Shares of Generac Holdings Inc. (NYSE:GNRC)

New York State Common Retirement Fund lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,711 shares of the technology company's stock after selling 2,500 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of Generac worth $5,537,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Jennison Associates LLC raised its position in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after buying an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after acquiring an additional 299,205 shares in the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock worth $30,560,000 after acquiring an additional 167,641 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Generac by 819.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company's stock valued at $28,738,000 after buying an additional 163,323 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Generac by 498.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company's stock valued at $19,555,000 after buying an additional 105,063 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

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Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The shares were 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 in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Generac Stock Down 4.1 %

Shares of NYSE:GNRC traded down $5.63 during midday trading on Monday, hitting $130.52. The stock had a trading volume of 553,668 shares, compared to its average volume of 846,268. The company has a market cap of $7.78 billion, a P/E ratio of 24.17, a PEG ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 12 month low of $109.90 and a 12 month high of $195.94. The business's 50-day simple moving average is $151.00 and its 200-day simple moving average is $160.41. 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 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%. On average, sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on GNRC. The Goldman Sachs Group cut their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 target price for the company. Robert W. Baird cut their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating for the company 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, Piper Sandler reduced their price target on Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.00.

Generac 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.