Marshall Wace LLP Decreases Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Marshall Wace LLP lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,213 shares of the technology company's stock after selling 32,095 shares during the period. Marshall Wace LLP owned about 0.10% of Generac worth $9,181,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its position in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after acquiring an additional 54,202 shares in the last quarter. Diamant Asset Management Inc. boosted its position in shares of Generac by 11.7% during the 3rd quarter. Diamant Asset Management Inc. now owns 3,810 shares of the technology company's stock worth $605,000 after acquiring an additional 400 shares in the last quarter. Morse Asset Management Inc boosted its position in Generac by 2.4% in the third quarter. Morse Asset Management Inc now owns 6,084 shares of the technology company's stock valued at $967,000 after buying an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Generac in the third quarter valued at approximately $51,000. Finally, Synovus Financial Corp acquired a new stake in Generac in the third quarter valued at approximately $300,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GNRC. UBS Group raised their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. 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 target price on the stock. Piper Sandler cut 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. Robert W. Baird cut their target price on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $173.40.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at $82,129,498.75. 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 through this hyperlink. Corporate insiders own 2.90% of the company's stock.

Generac Stock Up 0.5 %

NYSE:GNRC traded up $0.53 on Monday, hitting $113.42. The stock had a trading volume of 733,267 shares, compared to its average volume of 866,804. The business's fifty day moving average is $124.05 and its 200 day moving average is $151.09. The company has a market cap of $6.76 billion, a PE ratio of 21.00, a P/E/G ratio of 1.44 and a beta of 1.58. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal 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.