Raymond James Financial Inc. Takes $46.79 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Raymond James Financial Inc. acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 301,739 shares of the technology company's stock, valued at approximately $46,785,000. Raymond James Financial Inc. owned approximately 0.51% of Generac at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Faithward Advisors LLC lifted its stake in Generac by 0.7% during the fourth quarter. Faithward Advisors LLC now owns 27,844 shares of the technology company's stock worth $4,317,000 after purchasing an additional 199 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of Generac by 62.5% during the 4th quarter. Bank of Nova Scotia now owns 3,942 shares of the technology company's stock worth $611,000 after buying an additional 1,516 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of Generac by 56.4% in the 4th quarter. Rathbones Group PLC now owns 20,422 shares of the technology company's stock valued at $3,166,000 after buying an additional 7,367 shares in the last quarter. Legal & General Group Plc grew its position in shares of Generac by 0.8% in the 4th quarter. Legal & General Group Plc now owns 89,342 shares of the technology company's stock valued at $13,852,000 after buying an additional 738 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in Generac by 3.4% during the 4th quarter. Cerity Partners LLC now owns 51,686 shares of the technology company's stock worth $8,022,000 after acquiring an additional 1,702 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Citigroup raised Generac from a "neutral" rating to a "buy" rating and cut their price target for the stock from $162.00 to $138.00 in a research report on Thursday. Robert W. Baird lowered their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Finally, The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.40.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now 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 can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

NYSE GNRC traded up $0.94 during mid-day trading on Friday, hitting $111.59. The stock had a trading volume of 590,129 shares, compared to its average volume of 878,156. 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 company has a market cap of $6.65 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The company has a 50 day simple moving average of $128.27 and a 200 day simple moving average of $153.54.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data 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 forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.