Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 12,413 shares of the technology company’s stock after purchasing an additional 1,086 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Generac were worth $1,604,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after buying an additional 130,854 shares during the period. Ariel Investments LLC boosted its position in Generac by 14.9% during the 3rd quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock worth $219,047,000 after acquiring an additional 261,050 shares during the period. Invesco Ltd. grew its stake in Generac by 9.9% during the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock valued at $177,956,000 after acquiring an additional 147,523 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Generac by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 1,310,063 shares of the technology company’s stock valued at $141,176,000 after purchasing an additional 28,211 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Generac by 61.8% in the 1st quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock valued at $134,395,000 after purchasing an additional 475,104 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Up 1.3 %

Shares of GNRC opened at $135.15 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 1.79 and a beta of 1.45. The stock has a fifty day moving average price of $121.21 and a two-hundred day moving average price of $115.95. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on GNRC shares. Canaccord Genuity Group lifted their price objective on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Roth Mkm upped their price target on Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. UBS Group lowered their price objective on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Guggenheim cut shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Finally, Citigroup increased their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average target price of $140.80.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the transaction, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

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.