Retirement Planning Co of New England Inc. Has $331,000 Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Retirement Planning Co of New England Inc. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,133 shares of the technology company’s stock after acquiring an additional 548 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Generac were worth $331,000 at the end of the most recent quarter.

Several other large investors also recently 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 acquiring an additional 384,434 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Generac during the fourth quarter worth $46,785,000. The Manufacturers Life Insurance Company increased its position in shares of Generac by 114.8% during the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after acquiring an additional 299,205 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Generac by 819.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after acquiring an additional 163,323 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Generac by 498.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after acquiring an additional 105,063 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $132.62 on Tuesday. The firm has a 50-day moving average of $145.50 and a 200-day moving average of $158.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a market cap of $7.91 billion, a PE ratio of 24.56, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52-week low of $110.86 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective 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. Citigroup decreased their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, Truist Financial decreased 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. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

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.