Teacher Retirement System of Texas Has $2.53 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Teacher Retirement System of Texas grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 28.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,342 shares of the technology company’s stock after buying an additional 3,621 shares during the quarter. Teacher Retirement System of Texas’ holdings in Generac were worth $2,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Boston Partners increased its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Generac by 133.6% during the fourth 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 during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Generac by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock worth $86,516,000 after buying an additional 2,015 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in Generac by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock valued at $75,572,000 after buying an additional 5,105 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on GNRC. Piper Sandler dropped their target price on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Citigroup dropped their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Truist Financial reduced 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. Robert W. Baird cut their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their target price on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and an average target price of $174.38.

Generac Stock Performance

Shares of GNRC opened at $134.02 on Thursday. The firm’s 50 day moving average price is $141.93 and its two-hundred day moving average price is $157.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a twelve month low of $119.11 and a twelve month high of $195.94. The firm has a market cap of $7.99 billion, a P/E ratio of 24.82, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. On average, analysts forecast 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.