Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 15.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,761 shares of the technology company's stock after selling 2,581 shares during the period. Teacher Retirement System of Texas' holdings in Generac were worth $1,743,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Hurley Capital LLC acquired a new position in shares of Generac in the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC raised its position in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after acquiring an additional 87 shares in the last quarter. Private Trust Co. NA raised its position in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares in the last quarter. Ostrum Asset Management acquired a new stake in shares of Generac during the 4th quarter valued at approximately $50,000. Finally, Wintrust Investments LLC raised its position in shares of Generac by 55.1% during the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock valued at $66,000 after acquiring an additional 152 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Down 0.9%

NYSE:GNRC opened at $150.66 on Friday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.37 and a beta of 1.72. The business has a fifty day moving average of $131.40 and a 200-day moving average of $134.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The company had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the prior year, the business posted $0.88 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GNRC shares. Canaccord Genuity Group dropped their price target on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Bank of America started coverage on Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price target on the stock. Robert W. Baird dropped their price target on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price target on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Piper Sandler dropped 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. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $169.17.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer owned 562,966 shares in the company, valued at $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.70% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.