Generac Holdings Inc. (NYSE:GNRC) Position Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,795,550 shares of the technology company's stock after acquiring an additional 47,450 shares during the period. Vanguard Group Inc. owned about 11.42% of Generac worth $1,053,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GNRC. Boston Partners increased 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 purchasing an additional 533,612 shares during the last quarter. Jennison Associates LLC grew 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 buying an additional 384,434 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Generac by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock worth $86,516,000 after buying an additional 2,015 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Generac by 1.1% in 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 acquiring an additional 5,105 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in Generac by 5.6% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company's stock valued at $61,262,000 after acquiring an additional 20,576 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

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Generac Stock Performance

GNRC stock traded up $0.67 on Wednesday, reaching $127.00. The company's stock had a trading volume of 103,173 shares, compared to its average volume of 884,553. Generac Holdings Inc. has a 52 week low of $122.86 and a 52 week high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market capitalization of $7.57 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The firm has a fifty day moving average of $139.23 and a two-hundred day moving average of $157.60.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Bank of America started coverage on Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price target on the stock. Finally, Piper Sandler decreased their price objective on shares of Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Generac has an average rating of "Moderate Buy" and a consensus price target of $174.38.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was 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 directly owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % 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 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.