Pinebridge Investments L.P. Has $10.70 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Pinebridge Investments L.P. lifted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 28.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,993 shares of the technology company's stock after purchasing an additional 15,147 shares during the quarter. Pinebridge Investments L.P. owned 0.12% of Generac worth $10,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GNRC. Quantessence Capital LLC acquired a new stake in shares of Generac during the fourth quarter valued at approximately $568,000. Southernsun Asset Management LLC grew its position in Generac by 8.0% during the 4th quarter. Southernsun Asset Management LLC now owns 44,568 shares of the technology company's stock worth $6,910,000 after purchasing an additional 3,301 shares in the last quarter. Soros Capital Management LLC acquired a new stake in Generac during the 4th quarter valued at $588,000. Stifel Financial Corp lifted its holdings in shares of Generac by 29.4% in the fourth quarter. Stifel Financial Corp now owns 61,191 shares of the technology company's stock valued at $9,488,000 after purchasing an additional 13,912 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Generac by 3.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 17,422 shares of the technology company's stock worth $2,702,000 after buying an additional 548 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC stock traded up $0.53 during mid-day trading on Monday, reaching $113.42. The stock had a trading volume of 732,558 shares, compared to its average volume of 866,799. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The firm has a market cap of $6.76 billion, a PE ratio of 21.00, a P/E/G ratio of 1.44 and a beta of 1.58. The firm's 50 day simple moving average is $124.62 and its 200 day simple moving average is $151.52. 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 announced 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 net margin of 7.36% and a return on equity of 18.17%. On average, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction 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 directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Citigroup raised Generac from a "neutral" rating to a "buy" rating and dropped their price target for the company from $162.00 to $138.00 in a research report on Thursday, April 17th. UBS Group increased their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered 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. 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. Finally, Truist Financial lowered their price target on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.40.

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.