Rothschild Investment LLC Purchases 109 Shares of Generac Holdings Inc. (NYSE:GNRC)

Rothschild Investment LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 25.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 531 shares of the technology company’s stock after buying an additional 109 shares during the period. Rothschild Investment LLC’s holdings in Generac were worth $82,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of GNRC. Jennison Associates LLC boosted its holdings in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after buying an additional 384,434 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the period. Stephens Investment Management Group LLC boosted its holdings in Generac by 678.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after buying an additional 167,641 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Generac by 819.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after buying an additional 163,323 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Generac by 498.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after purchasing an additional 105,063 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Citigroup decreased their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. TD Cowen boosted their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler decreased their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Truist Financial decreased their price target 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $174.00.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly 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 legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.

Generac Stock Up 0.3 %

Shares of NYSE GNRC opened at $139.15 on Thursday. 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 company has a market cap of $8.30 billion, a P/E ratio of 25.77, a PEG ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a 1 year low of $109.90 and a 1 year high of $195.94. The firm has a 50-day simple moving average of $152.17 and a two-hundred day simple moving average of $160.56.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current 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.