Generac Holdings Inc. (NYSE:GNRC) Stock Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in Generac Holdings Inc. (NYSE:GNRC) by 28.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,342 shares of the technology company’s stock after buying an additional 3,621 shares during the quarter. Teacher Retirement System of Texas’ holdings in Generac were worth $2,534,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in shares of Generac during the 4th quarter worth $27,000. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter worth $28,000. Versant Capital Management Inc raised its holdings in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Generac in the third quarter worth about $31,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Generac during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Bank of America started coverage on shares of Generac in a research note on Monday. They issued a “buy” rating and a $182.00 price objective for the company. Robert W. Baird lowered their target price 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. Citigroup cut their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Generac Stock Performance

NYSE GNRC opened at $134.02 on Thursday. Generac Holdings Inc. has a twelve month low of $119.11 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.99 billion, a P/E ratio of 24.82, a PEG ratio of 1.44 and a beta of 1.50. The company’s 50-day simple moving average is $141.93 and its 200 day simple moving average is $157.88.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share 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%. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

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.