DekaBank Deutsche Girozentrale Grows Holdings in Generac Holdings Inc. (NYSE:GNRC)

DekaBank Deutsche Girozentrale boosted its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 40.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 146,470 shares of the technology company's stock after buying an additional 42,208 shares during the period. DekaBank Deutsche Girozentrale owned 0.24% of Generac worth $18,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company's stock worth $3,571,000 after purchasing an additional 20,240 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Generac by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company's stock worth $10,810,000 after purchasing an additional 9,849 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Generac in the 3rd quarter worth approximately $1,832,000. AHL Investment Management Inc. bought a new stake in shares of Generac in the 3rd quarter worth approximately $653,000. Finally, HCR Wealth Advisors bought a new stake in shares of Generac in the 3rd quarter worth approximately $910,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on GNRC shares. Roth Mkm boosted their price target on Generac from $105.00 to $118.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. Guggenheim lowered shares of Generac from a "buy" rating to a "neutral" rating in a report on Thursday, February 15th. UBS Group decreased their price objective on shares of Generac from $160.00 to $150.00 and set a "buy" rating for the company in a report on Thursday, February 15th. OTR Global upgraded shares of Generac from a "mixed" rating to a "positive" rating in a report on Tuesday, April 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.80.

Generac Stock Performance

Shares of NYSE:GNRC traded up $1.10 during midday trading on Monday, hitting $135.51. The company had a trading volume of 897,021 shares, compared to its average volume of 1,023,312. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 1.77 and a beta of 1.45. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The company has a fifty day moving average of $118.63 and a two-hundred day moving average of $114.32.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. On average, equities research analysts expect that Generac Holdings Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the transaction, the chief executive officer now owns 577,690 shares of the company's stock, valued at approximately $66,561,441.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by insiders.

About Generac

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.