CANADA LIFE ASSURANCE Co Acquires 2,342 Shares of Generac Holdings Inc. (NYSE:GNRC)

CANADA LIFE ASSURANCE Co increased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,737 shares of the technology company's stock after buying an additional 2,342 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Generac were worth $3,060,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Generac by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after buying an additional 47,450 shares during the period. Boston Partners raised its position in shares of 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 period. Geode Capital Management LLC raised its position in shares of Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Generac by 133.6% during the 4th 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 during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

GNRC stock traded down $0.41 during midday trading on Wednesday, hitting $112.83. The stock had a trading volume of 818,842 shares, compared to its average volume of 862,543. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.44 and a beta of 1.58. The stock has a 50-day simple moving average of $123.54 and a 200 day simple moving average of $150.83. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same period last year, the company posted $0.88 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on GNRC. Wells Fargo & Company lowered their target price on Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered their price target on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, UBS Group lifted their price target on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average price target of $173.40.

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.