Generac Holdings Inc. (NYSE:GNRC) Stake Boosted by Dillon & Associates Inc.

Dillon & Associates Inc. raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 20.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,163 shares of the technology company’s stock after buying an additional 2,542 shares during the quarter. Dillon & Associates Inc.’s holdings in Generac were worth $2,350,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. 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 worth $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Generac in the 4th quarter worth approximately $46,785,000. The Manufacturers Life Insurance Company increased its holdings in Generac by 114.8% during the 3rd 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. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Generac by 819.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after buying an additional 163,323 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GNRC shares. Barclays started coverage on Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective for the company. Piper Sandler lowered their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. UBS Group increased their price target on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus dropped their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and an average target price of $174.00.

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 value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Generac Stock Performance

Generac stock opened at $131.57 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 1-year low of $115.76 and a 1-year high of $195.94. The firm has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company’s 50-day moving average is $143.39 and its 200 day moving average is $158.13.

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