World Investment Advisors Buys Shares of 11,337 Generac Holdings Inc. (NYSE:GNRC)

World Investment Advisors purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,337 shares of the technology company's stock, valued at approximately $1,436,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after purchasing an additional 47,450 shares during the period. Boston Partners boosted its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares during the period. Geode Capital Management LLC grew its stake in shares of Generac by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after acquiring an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after acquiring an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Generac by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after acquiring an additional 16,954 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GNRC. Canaccord Genuity Group cut their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Bank of America began coverage on shares of Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. TD Cowen cut their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Piper Sandler lowered their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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 shares were sold at an average price of $142.40, for a total transaction 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. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Generac Trading Up 0.8%

Shares of NYSE GNRC traded up $1.16 during trading on Tuesday, hitting $149.49. 915,978 shares of the company traded hands, compared to its average volume of 894,069. The company has a quick ratio of 0.89, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.83 billion, a P/E ratio of 26.04, a P/E/G ratio of 1.37 and a beta of 1.72. The company has a 50-day moving average price of $128.43 and a 200-day moving average price of $134.33. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $921.78 million. During the same period last year, the business posted $0.88 EPS. The company's quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts predict that Generac Holdings Inc. will post 8 EPS 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.