Deutsche Bank AG Purchases 24,499 Shares of Generac Holdings Inc. (NYSE:GNRC)

Deutsche Bank AG lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,215 shares of the technology company's stock after purchasing an additional 24,499 shares during the period. Deutsche Bank AG owned 0.33% of Generac worth $25,104,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GNRC. Migdal Insurance & Financial Holdings Ltd. bought a new position in Generac during the 1st quarter worth $28,000. Private Trust Co. NA increased its stake in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares during the period. Ostrum Asset Management bought a new position in Generac during the 4th quarter worth $50,000. New Age Alpha Advisors LLC bought a new position in Generac during the 1st quarter worth $54,000. Finally, Intact Investment Management Inc. bought a new position in Generac during the 1st quarter worth $76,000. Institutional investors own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GNRC. Canaccord Genuity Group lowered their price objective on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Piper Sandler decreased their price target on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $56.00 to $68.00 in a research note on Monday. TD Cowen lifted their price target on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Robert W. Baird decreased their price target on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $170.06.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Generac Trading Up 2.0%

NYSE GNRC opened at $202.86 on Thursday. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a market cap of $11.90 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. The business's fifty day moving average is $153.58 and its 200 day moving average is $136.71.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%. The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.

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