Generac Holdings Inc. (NYSE:GNRC) Stock Holdings Lessened by Barclays PLC

Barclays PLC reduced its stake in Generac Holdings Inc. (NYSE:GNRC) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,081 shares of the technology company’s stock after selling 105,112 shares during the period. Barclays PLC owned 0.13% of Generac worth $12,416,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GNRC. Norges Bank bought a new position in shares of Generac during the fourth quarter worth about $90,913,000. Boston Partners increased its stake in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after purchasing an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after buying an additional 469,575 shares during the last quarter. Jennison Associates LLC grew 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Generac in the 4th quarter valued at approximately $46,785,000. Institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GNRC shares. Robert W. Baird cut their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Bank of America began coverage on Generac in a report on Monday, March 24th. They issued a “buy” rating and a $182.00 target price on the stock. Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Piper Sandler cut their price target on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $173.40.

Generac Stock Performance

GNRC opened at $106.62 on Tuesday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The firm has a market capitalization of $6.36 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. The stock’s 50 day moving average price is $127.35 and its two-hundred day moving average price is $153.16. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last released its earnings results 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 net margin of 7.36% and a return on equity of 18.17%. On average, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.90% of the company’s stock.

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.