Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,885 shares of the technology company’s stock after buying an additional 160 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Generac were worth $4,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB acquired a new position in Generac during the fourth quarter worth about $5,229,000. Global Financial Private Client LLC acquired a new position in shares of Generac during the 4th quarter worth approximately $614,000. Franklin Resources Inc. lifted its stake in Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after buying an additional 14,811 shares in the last quarter. Barclays PLC grew its holdings in Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock valued at $29,425,000 after buying an additional 54,202 shares during the last quarter. Finally, Dakota Wealth Management increased its position in Generac by 59.1% during the fourth quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock worth $7,597,000 after buying an additional 18,197 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Down 0.3 %

GNRC opened at $113.08 on Wednesday. The company has a market cap of $6.74 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. 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 1 year low of $99.50 and a 1 year high of $195.94. The firm has a 50 day moving average price of $130.17 and a 200 day moving average price of $154.58.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating 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%. Sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GNRC shares. UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating 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. Bank of America assumed coverage on shares of Generac in a research report on Monday, March 24th. They issued a “buy” rating and a $182.00 price objective for the company. Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $175.60.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction 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 sale, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is currently owned by corporate insiders.

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.