Resona Asset Management Co. Ltd. Acquires Shares of 1,184 Generac Holdings Inc. (NYSE:GNRC)

Resona Asset Management Co. Ltd. bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,184 shares of the technology company’s stock, valued at approximately $184,000.

A number of other hedge funds have also modified their holdings of the business. Prudential PLC acquired a new stake in Generac in the 4th quarter valued at about $299,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Generac in the fourth quarter valued at approximately $243,000. Thoroughbred Financial Services LLC purchased a new position in Generac during the fourth quarter worth approximately $447,000. ExodusPoint Capital Management LP acquired a new position in Generac during the fourth quarter worth $4,610,000. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Generac in the 4th quarter worth $297,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GNRC. Robert W. Baird lowered their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. UBS Group increased their price target on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup decreased their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus cut their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note 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 company. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.60.

Insider Buying and Selling

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on 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 directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $110.15 on Friday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The company has a fifty day simple moving average of $131.34 and a two-hundred day simple moving average of $155.14. 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 company has a market cap of $6.57 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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, equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.