Stephens Investment Management Group LLC Increases Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Stephens Investment Management Group LLC raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 245,385 shares of the technology company's stock after purchasing an additional 4,271 shares during the period. Stephens Investment Management Group LLC owned 0.41% of Generac worth $31,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GNRC. Vanguard Group Inc. grew its position 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 worth $1,053,650,000 after buying an additional 47,450 shares during the last quarter. Boston Partners boosted its stake in Generac by 39.0% in 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 in the last quarter. Geode Capital Management LLC lifted its stake in Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after acquiring an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after acquiring an additional 469,575 shares during the period. Finally, Brown Advisory Inc. lifted its stake in Generac by 9.0% during the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock valued at $102,873,000 after acquiring an additional 67,180 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Piper Sandler dropped their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. 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 report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on 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 directly 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 document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Stock Down 0.9%

Shares of GNRC stock traded down $1.33 during trading hours on Friday, reaching $150.66. 661,714 shares of the stock were exchanged, compared to its average volume of 862,368. The business's fifty day moving average is $131.40 and its two-hundred day moving average is $134.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The firm has a market capitalization of $8.90 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.36 and a beta of 1.72.

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

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.