Principal Financial Group Inc. Has $8.82 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Principal Financial Group Inc. lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,631 shares of the technology company's stock after selling 4,060 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Generac worth $8,819,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hurley Capital LLC bought a new stake in Generac during the 4th quarter valued at $26,000. Quadrant Capital Group LLC raised its position in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $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% in 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 in the last quarter. Ostrum Asset Management bought a new position in shares of Generac in the 4th quarter worth $50,000. Finally, Intact Investment Management Inc. acquired a new position in Generac during the 1st quarter valued at about $76,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC stock traded down $1.80 during mid-day trading on Tuesday, hitting $146.89. 764,479 shares of the stock traded hands, compared to its average volume of 861,273. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The firm has a market cap of $8.68 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.72. The company's 50-day simple moving average is $131.40 and its 200-day simple moving average is $134.21. 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 data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. The company's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company posted $0.88 EPS. As a group, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. Stephens reiterated an "overweight" rating and issued a $175.00 target price on shares of Generac in a research report on Tuesday, May 27th. Bank of America initiated coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Piper Sandler decreased their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird decreased their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $169.17.

Insider Transactions at Generac

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

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.