5,894 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Strs Ohio

Strs Ohio purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,894 shares of the technology company's stock, valued at approximately $761,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AE Wealth Management LLC bought a new stake in shares of Generac during the third quarter worth $750,000. Global Retirement Partners LLC grew its position in Generac by 15.3% during the 3rd quarter. Global Retirement Partners LLC now owns 1,411 shares of the technology company's stock worth $144,000 after acquiring an additional 187 shares during the last quarter. SG Americas Securities LLC grew its position in Generac by 9.4% during the 3rd quarter. SG Americas Securities LLC now owns 10,048 shares of the technology company's stock worth $1,095,000 after acquiring an additional 860 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Generac by 19.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 21,113 shares of the technology company's stock worth $2,300,000 after purchasing an additional 3,404 shares in the last quarter. Finally, Czech National Bank raised its holdings in Generac by 47.7% in the 3rd quarter. Czech National Bank now owns 10,878 shares of the technology company's stock valued at $1,185,000 after buying an additional 3,515 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the transaction, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on GNRC shares. Citigroup boosted their price objective on Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a research note on Monday, February 12th. OTR Global upgraded shares of Generac from a "mixed" rating to a "positive" rating in a research note on Tuesday, April 2nd. Roth Mkm raised their price target on shares of Generac from $120.00 to $135.00 and gave the stock a "neutral" rating in a report on Tuesday. Robert W. Baird upped their price objective on shares of Generac from $112.00 to $129.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Finally, Canaccord Genuity Group raised their target price on Generac from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, April 5th. 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 company. Based on data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and an average target price of $141.65.

Generac Stock Performance

Generac stock traded up $1.25 during mid-day trading on Friday, reaching $140.10. The company's stock had a trading volume of 1,178,833 shares, compared to its average volume of 1,049,135. The firm's fifty day moving average price is $122.62 and its two-hundred day moving average price is $117.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The company has a market capitalization of $8.44 billion, a P/E ratio of 42.58, a PEG ratio of 1.81 and a beta of 1.45.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $1.78 EPS. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts predict that Generac Holdings Inc. will post 6.3 EPS 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.