Mutual of America Capital Management LLC Has $878,000 Stake in Generac Holdings Inc. (NYSE:GNRC)

Mutual of America Capital Management LLC trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 32.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,932 shares of the technology company's stock after selling 3,331 shares during the period. Mutual of America Capital Management LLC's holdings in Generac were worth $878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNRC. Legal & General Group Plc raised its holdings in shares of Generac by 0.8% during the fourth quarter. Legal & General Group Plc now owns 89,342 shares of the technology company's stock worth $13,852,000 after acquiring an additional 738 shares during the period. Bank of Nova Scotia raised its holdings in shares of Generac by 62.5% during the fourth quarter. Bank of Nova Scotia now owns 3,942 shares of the technology company's stock worth $611,000 after acquiring an additional 1,516 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Generac during the fourth quarter worth $46,785,000. Treasurer of the State of North Carolina increased its stake in Generac by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 25,885 shares of the technology company's stock valued at $4,013,000 after buying an additional 160 shares during the last quarter. Finally, Covestor Ltd increased its stake in Generac by 33.9% in the 4th quarter. Covestor Ltd now owns 513 shares of the technology company's stock valued at $80,000 after buying an additional 130 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several recent research reports. TD Securities lowered their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Robert W. Baird lowered their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Guggenheim upgraded shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Tuesday, July 29th. Finally, Roth Capital lifted their price target on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $174.28.

Generac Stock Up 1.5%

Shares of GNRC opened at $196.49 on Monday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $199.89. The firm has a market cap of $11.53 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. The firm's 50-day simple moving average is $149.14 and its 200 day simple moving average is $135.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.35 EPS. Generac's quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current 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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