Russell Investments Group Ltd. lowered its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 13.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,052 shares of the technology company's stock after selling 5,768 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Generac worth $5,590,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in GNRC. Norges Bank purchased a new stake in shares of Generac during the 4th quarter worth $90,913,000. Boston Partners lifted its holdings in Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after buying an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after acquiring an additional 469,575 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Generac during the 4th quarter worth about $46,785,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.
Generac Trading Up 0.8 %
NYSE:GNRC traded up $0.94 on Friday, reaching $111.59. The stock had a trading volume of 590,129 shares, compared to its average volume of 882,003. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. 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. The firm's fifty day moving average is $128.27 and its two-hundred day moving average is $153.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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%. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on GNRC shares. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Truist Financial decreased their target price on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Finally, Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $162.00 to $138.00 in a research note on Thursday. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $173.40.
Get Our Latest Stock Report on Generac
Insider Buying and Selling
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company's stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction 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.
Generac Company Profile
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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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