Generac Holdings Inc. (NYSE:GNRC) Position Increased by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,696 shares of the technology company’s stock after buying an additional 2,078 shares during the quarter. Cibc World Markets Corp’s holdings in Generac were worth $1,038,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted 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 during the period. The Manufacturers Life Insurance Company raised its stake 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 valued at $88,944,000 after acquiring an additional 299,205 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Generac by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock worth $86,516,000 after acquiring an additional 2,015 shares during the period. King Luther Capital Management Corp boosted its position in Generac by 1.1% during the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock worth $75,572,000 after acquiring an additional 5,105 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its stake in shares of Generac by 5.6% in the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock worth $61,262,000 after purchasing an additional 20,576 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. UBS Group boosted their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Citigroup decreased their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac Trading Down 1.3 %

Shares of NYSE:GNRC opened at $131.57 on Friday. Generac Holdings Inc. has a 12-month low of $115.76 and a 12-month high of $195.94. 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 firm has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The firm has a fifty day moving average of $143.39 and a two-hundred day moving average of $157.97.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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%. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is currently 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.