Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 607.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,829 shares of the technology company's stock after acquiring an additional 19,600 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Generac were worth $2,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company's stock valued at $2,012,595,000 after buying an additional 130,854 shares during the last quarter. Ariel Investments LLC increased its holdings in Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company's stock valued at $219,047,000 after buying an additional 261,050 shares during the last quarter. Invesco Ltd. increased its holdings in Generac by 9.9% in the third quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company's stock valued at $177,956,000 after buying an additional 147,523 shares during the last quarter. Geode Capital Management LLC increased its holdings in Generac by 2.2% in the first quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company's stock valued at $141,176,000 after buying an additional 28,211 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Generac by 61.8% in the first quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company's stock valued at $134,395,000 after buying an additional 475,104 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

NYSE:GNRC traded up $1.68 during mid-day trading on Friday, reaching $135.15. The stock had a trading volume of 1,839,848 shares, compared to its average volume of 1,127,441. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 1.79 and a beta of 1.45. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The business has a 50 day simple moving average of $121.21 and a 200 day simple moving average of $115.95.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the business posted $1.78 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts expect that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated 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 directly owns 577,690 shares of the company's stock, valued at $66,561,441.80. The sale was disclosed in a filing with the SEC, which is available at this link. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Guggenheim lowered Generac from a "buy" rating to a "neutral" rating in a report on Thursday, February 15th. Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, April 5th. OTR Global upgraded shares of Generac from a "mixed" rating to a "positive" rating in a research note on Tuesday, April 2nd. Roth Mkm upped their price objective on shares of Generac from $105.00 to $118.00 and gave the company a "neutral" rating in a research note on Tuesday, February 6th. Finally, Canaccord Genuity Group upped their price objective on shares of Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $140.80.

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.