Prudential Financial Inc. Reduces Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Prudential Financial Inc. decreased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,962 shares of the technology company's stock after selling 12,542 shares during the period. Prudential Financial Inc. owned about 0.05% of Generac worth $4,956,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GNRC. Vanguard Group Inc. lifted its holdings in Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after buying an additional 47,450 shares during the period. Boston Partners grew its stake in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after purchasing an additional 533,612 shares during the period. Jennison Associates LLC grew its holdings in Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after purchasing an additional 384,434 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Generac by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after purchasing an additional 2,015 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in shares of Generac by 1.1% during the fourth quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company's stock valued at $75,572,000 after purchasing an additional 5,105 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were 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 owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.90% of the company's stock.

Generac Trading Up 1.5 %

GNRC stock traded up $1.95 during trading on Wednesday, hitting $128.28. The company had a trading volume of 645,785 shares, compared to its average volume of 883,176. The firm has a market capitalization of $7.65 billion, a P/E ratio of 23.76, a PEG ratio of 1.44 and a beta of 1.58. 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 Holdings Inc. has a 52-week low of $121.24 and a 52-week high of $195.94. The company has a 50 day simple moving average of $139.23 and a 200-day simple moving average of $157.60.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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%. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the subject of a number of recent research reports. Barclays began coverage on shares of Generac in a research note on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 price target for the company. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Stifel Nicolaus decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 13th. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.38.

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.