Strs Ohio Acquires Shares of 5,894 Generac Holdings Inc. (NYSE:GNRC)

Strs Ohio acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,894 shares of the technology company’s stock, valued at approximately $761,000.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Generac during the third quarter valued at about $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac in the fourth quarter worth approximately $28,000. ORG Partners LLC purchased a new stake in shares of Generac in the fourth quarter worth approximately $38,000. Operose Advisors LLC purchased a new stake in shares of Generac in the third quarter worth approximately $40,000. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Generac by 89.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 311 shares of the technology company’s stock worth $40,000 after purchasing an additional 147 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GNRC shares. Robert W. Baird increased their price target on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Citigroup increased their price target on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Canaccord Genuity Group increased their price target on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Finally, Roth Mkm increased their price objective on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $141.65.

Generac Trading Up 1.2 %

Shares of GNRC stock opened at $138.85 on Friday. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $156.95. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $122.17 and its two-hundred day moving average is $116.82. The company has a market cap of $8.37 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 1.80 and a beta of 1.45.

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

Insider Transactions 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 shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Generac Company 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.