Vanguard Group Inc. Raises Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Vanguard Group Inc. raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,795,550 shares of the technology company’s stock after buying an additional 47,450 shares during the quarter. Vanguard Group Inc. owned 0.11% of Generac worth $1,053,650,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GNRC. Boston Partners grew its position in shares of Generac by 39.0% in 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. Jennison Associates LLC boosted its stake in Generac by 133.6% in the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 2,015 shares during the last quarter. King Luther Capital Management Corp increased its position in shares of Generac by 1.1% during the fourth quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock worth $75,572,000 after purchasing an additional 5,105 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in shares of 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 purchasing an additional 20,576 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GNRC has been the topic of several research analyst reports. Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 target price on the stock. UBS Group upped their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Truist Financial decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.38.

Generac Price Performance

NYSE:GNRC opened at $127.11 on Friday. The company has a 50 day moving average price of $140.67 and a 200-day moving average price of $157.59. Generac Holdings Inc. has a 1-year low of $125.00 and a 1-year high of $195.94. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. 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) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities research analysts forecast 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 the company’s stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is currently owned by company insiders.

Generac Company 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.