Generac Holdings Inc. (NYSE:GNRC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 11.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,432 shares of the technology company's stock after selling 6,421 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Generac worth $8,172,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. increased its holdings in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company's stock worth $388,000 after purchasing an additional 68 shares during the last quarter. Empirical Finance LLC increased its stake in Generac by 4.5% in the 1st quarter. Empirical Finance LLC now owns 1,748 shares of the technology company's stock worth $220,000 after acquiring an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock worth $2,981,000 after acquiring an additional 75 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of Generac by 6.5% during the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company's stock valued at $243,000 after acquiring an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GNRC shares. TD Cowen boosted their target price on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company upped their price objective on Generac from $139.00 to $156.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price target on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a report on Friday. Citigroup lifted their price objective on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Scotiabank increased their target price on shares of Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Generac presently has an average rating of "Moderate Buy" and an average price target of $169.10.

Generac Stock Performance

NYSE:GNRC traded up $1.83 during trading hours on Monday, hitting $170.74. 768,559 shares of the company were exchanged, compared to its average volume of 950,835. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.99. Generac Holdings Inc. has a 52-week low of $100.23 and a 52-week high of $176.14. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 35.41, a PEG ratio of 2.13 and a beta of 1.37. The company's 50 day moving average price is $157.17 and its 200-day moving average price is $148.43.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $1.64 EPS. The firm's revenue was up 9.6% on a year-over-year basis. As a group, research analysts forecast that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares of the company's stock, valued at approximately $89,346,790.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.

Generac Company 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.