Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 145.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,707 shares of the technology company’s stock after acquiring an additional 41,935 shares during the period. Franklin Resources Inc.’s holdings in Generac were worth $10,963,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Generac by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock worth $1,053,650,000 after buying an additional 47,450 shares in the last quarter. Boston Partners raised its position in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Generac by 81.9% in 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 purchasing an additional 469,575 shares in the last quarter. Jennison Associates LLC grew its position in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Generac during the 4th quarter worth approximately $90,913,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent research reports. Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Robert W. Baird dropped their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, UBS Group boosted their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $175.60.

Generac Stock Performance

Shares of NYSE:GNRC opened at $101.86 on Wednesday. The business has a 50-day moving average of $134.14 and a two-hundred day moving average of $156.20. The firm has a market capitalization of $6.07 billion, a PE ratio of 18.86, a P/E/G ratio of 1.44 and a beta of 1.58. 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 12 month low of $100.55 and a 12 month high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly 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%. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.