QRG Capital Management Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,917 shares of the technology company's stock, valued at approximately $297,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Jennison Associates LLC grew 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 acquiring an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 worth $88,944,000 after buying an additional 299,205 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Generac by 819.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company's stock worth $28,738,000 after buying an additional 163,323 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Generac by 498.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company's stock worth $19,555,000 after buying an additional 105,063 shares during the period. Finally, Hodges Capital Management Inc. lifted its holdings in Generac by 86.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company's stock worth $26,418,000 after buying an additional 77,296 shares during the period. Institutional investors own 84.04% of the company's stock.
Analyst Ratings Changes
GNRC has been the topic of several recent research reports. Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Robert W. Baird cut their target price on Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They set an "equal weight" rating and a $189.00 target price on the stock. Finally, UBS Group lifted their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $174.00.
Get Our Latest Stock Report on Generac
Generac Stock Up 4.6 %
GNRC stock traded up $5.96 during trading on Friday, reaching $136.85. 1,305,263 shares of the stock were exchanged, compared to its average volume of 881,848. The firm's 50 day moving average is $148.62 and its 200 day moving average is $159.69. Generac Holdings Inc. has a twelve month low of $110.35 and a twelve month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.16 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates 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 EPS for the current year.
Insiders Place Their Bets
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company's stock.
About Generac
(
Free Report)
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.
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