Blair William & Co. IL Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Blair William & Co. IL grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 513,449 shares of the technology company’s stock after purchasing an additional 16,432 shares during the period. Blair William & Co. IL’s holdings in Generac were worth $79,610,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Nordea Investment Management AB purchased a new stake in Generac during the 4th quarter valued at about $5,229,000. Global Financial Private Client LLC acquired a new position in Generac in the 4th quarter worth approximately $614,000. Franklin Resources Inc. raised its position in Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after buying an additional 14,811 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Generac by 54.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock valued at $1,904,000 after acquiring an additional 4,209 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Generac by 41.4% in the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock valued at $29,425,000 after acquiring an additional 54,202 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on GNRC shares. Robert W. Baird decreased their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus cut their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Bank of America started coverage on shares of Generac in a research note on Monday. They set a “buy” rating and a $182.00 target price on the stock. The Goldman Sachs Group reduced their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average price target of $174.38.

Generac Stock Performance

NYSE:GNRC opened at $134.02 on Thursday. The firm has a market capitalization of $7.99 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The business’s fifty day moving average price is $141.93 and its 200 day moving average price is $157.88. Generac Holdings Inc. has a 12 month low of $119.11 and a 12 month high of $195.94.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.