New York State Teachers Retirement System Purchases 4,550 Shares of Generac Holdings Inc. (NYSE:GNRC)

New York State Teachers Retirement System lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,982 shares of the technology company's stock after buying an additional 4,550 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Generac worth $8,680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empirical Finance LLC increased its position in Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company's stock worth $268,000 after purchasing an additional 66 shares in the last quarter. Nicollet Investment Management Inc. increased its position in shares of Generac by 1.1% in the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company's stock worth $1,250,000 after acquiring an additional 82 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Generac by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 1,518 shares of the technology company's stock valued at $235,000 after acquiring an additional 90 shares during the period. Blue Trust Inc. lifted its holdings in shares of Generac by 73.5% during the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock valued at $36,000 after acquiring an additional 97 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Generac by 0.8% during the 3rd quarter. Retirement Systems of Alabama now owns 13,476 shares of the technology company's stock valued at $2,141,000 after acquiring an additional 105 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

NYSE GNRC traded down $0.70 during trading hours on Friday, hitting $137.87. The company had a trading volume of 842,766 shares, compared to its average volume of 886,211. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.20 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The business has a fifty day simple moving average of $153.86 and a 200-day simple moving average of $160.34.

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

Wall Street Analyst Weigh In

GNRC has been the subject of a number of recent analyst reports. Citigroup lowered their price target on shares of Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Truist Financial lowered their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, January 16th. TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their target price on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.00.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by 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.