Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,210 shares of the technology company's stock after purchasing an additional 2,901 shares during the period. Stephens Inc. AR's holdings in Generac were worth $1,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNRC. Jennison Associates LLC increased its position in shares of Generac by 133.6% during 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after acquiring an additional 299,205 shares during the period. International Assets Investment Management LLC increased its position in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock valued at $42,433,000 after acquiring an additional 266,026 shares during the period. Stephens Investment Management Group LLC increased its position in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after acquiring an additional 167,641 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Generac by 498.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company's stock valued at $19,555,000 after acquiring an additional 105,063 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

GNRC stock traded down $0.03 on Friday, reaching $146.80. The company had a trading volume of 1,028,876 shares, compared to its average volume of 743,531. Generac Holdings Inc. has a 1 year low of $108.89 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The company's fifty day moving average is $156.31 and its 200 day moving average is $160.61. The company has a market cap of $8.73 billion, a P/E ratio of 30.46, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. On average, research analysts forecast that Generac Holdings Inc. will post 6.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GNRC shares. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday. Barclays began coverage on Generac in a research report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target on the stock. Truist Financial lowered their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Roth Mkm lifted their price objective on Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Finally, StockNews.com raised Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.00.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business'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 completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.90% of the stock is owned by corporate insiders.

About Generac

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.