Teacher Retirement System of Texas Raises Holdings in Generac Holdings Inc. (NYSE:GNRC)

Teacher Retirement System of Texas grew its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 217.0% in the third quarter, HoldingsChannel reports. The firm owned 27,889 shares of the technology company’s stock after buying an additional 19,091 shares during the quarter. Teacher Retirement System of Texas’ holdings in Generac were worth $11,397,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC grew its position in Generac by 2,700.0% in the third quarter. Lindbrook Capital LLC now owns 84 shares of the technology company’s stock worth $34,000 after acquiring an additional 81 shares in the last quarter. AdvisorNet Financial Inc grew its position in Generac by 462.5% in the third quarter. AdvisorNet Financial Inc now owns 90 shares of the technology company’s stock worth $37,000 after acquiring an additional 74 shares in the last quarter. Crewe Advisors LLC purchased a new position in Generac in the second quarter worth about $42,000. Total Clarity Wealth Management Inc. purchased a new position in Generac in the third quarter worth about $47,000. Finally, Bbva USA grew its position in Generac by 22.1% in the third quarter. Bbva USA now owns 166 shares of the technology company’s stock worth $68,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Shares of NYSE:GNRC opened at $306.28 on Friday. The company has a market capitalization of $19.32 billion, a price-to-earnings ratio of 37.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.96. Generac Holdings Inc. has a 52 week low of $243.21 and a 52 week high of $524.31. The company has a quick ratio of 0.97, a current ratio of 1.89 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $377.29 and a 200 day moving average of $414.25.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Tuesday, November 2nd. The technology company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.39 by ($0.04). The business had revenue of $942.70 million during the quarter, compared to the consensus estimate of $961.13 million. Generac had a return on equity of 37.32% and a net margin of 15.52%. The business’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period last year, the firm earned $2.08 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 9.53 EPS for the current year.

In other Generac news, CFO York A. Ragen sold 10,000 shares of Generac stock in a transaction on Thursday, November 11th. The shares were sold at an average price of $442.63, for a total value of $4,426,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, November 1st. The stock was sold at an average price of $496.95, for a total transaction of $2,484,750.00. The disclosure for this sale can be found here. Insiders sold 20,000 shares of company stock valued at $9,025,450 in the last three months. 2.80% of the stock is currently owned by insiders.

Several research analysts recently commented on the company. OTR Global lowered Generac to a “positive” rating in a research report on Friday. UBS Group upgraded Generac from a “neutral” rating to a “buy” rating and dropped their target price for the company from $500.00 to $480.00 in a research report on Monday, January 10th. Citigroup dropped their target price on Generac from $560.00 to $475.00 and set a “buy” rating for the company in a research report on Tuesday, December 21st. KeyCorp dropped their target price on Generac from $540.00 to $500.00 and set an “overweight” rating for the company in a research report on Friday, December 17th. Finally, Oppenheimer boosted their target price on Generac from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, November 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $459.10.

Generac Profile

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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