Dimensional Fund Advisors LP Has $112.96 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Dimensional Fund Advisors LP grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 728,539 shares of the technology company's stock after purchasing an additional 16,954 shares during the quarter. Dimensional Fund Advisors LP owned 1.22% of Generac worth $112,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GNRC. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 47,450 shares during the period. Boston Partners increased its position in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Geode Capital Management LLC lifted 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 boosted its holdings in Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after purchasing an additional 384,434 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GNRC. Robert W. Baird reduced their target price on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Finally, Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $167.10.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated 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 approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by insiders.

Generac Trading Down 1.6 %

NYSE GNRC traded down $1.87 on Thursday, hitting $112.52. 673,175 shares of the company were exchanged, compared to its average volume of 861,771. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company's 50 day moving average price is $123.07 and its 200-day moving average price is $150.58. The firm has a market capitalization of $6.71 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Analysts predict that Generac Holdings Inc. will post 8 earnings per share 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.