World Investment Advisors Invests $1.44 Million in Generac Holdings Inc. (NYSE:GNRC)

World Investment Advisors acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,337 shares of the technology company's stock, valued at approximately $1,436,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after purchasing an additional 47,450 shares during the last quarter. Boston Partners grew its position in Generac by 39.0% during 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 during the last quarter. Geode Capital Management LLC grew its position 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 worth $223,293,000 after purchasing an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 worth $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Generac by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after purchasing an additional 16,954 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GNRC shares. Bank of America assumed coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price objective on the stock. Stifel Nicolaus reduced 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. TD Securities reduced their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Piper Sandler reduced their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Seven equities 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, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, July 1st. The shares were 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 directly owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Generac Price Performance

NYSE:GNRC traded down $1.33 during mid-day trading on Friday, hitting $150.66. 661,714 shares of the company's stock traded hands, compared to its average volume of 864,880. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The firm's 50 day simple moving average is $131.40 and its 200 day simple moving average is $134.50. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The company has a market cap of $8.90 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.37 and a beta of 1.72.

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