Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Stifel Financial Corp

Stifel Financial Corp boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,191 shares of the technology company’s stock after acquiring an additional 13,912 shares during the period. Stifel Financial Corp owned about 0.10% of Generac worth $9,488,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Generac in the fourth quarter valued at approximately $90,913,000. Boston Partners increased its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after acquiring an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after acquiring an additional 469,575 shares in the last quarter. Jennison Associates LLC boosted its position in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP bought a new position in shares of Generac in the fourth quarter worth $49,313,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GNRC shares. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They set a “buy” rating and a $182.00 price target for the company. Piper Sandler cut their price objective on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Stifel Nicolaus dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.40.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

Generac Trading Down 0.7 %

Shares of NYSE:GNRC opened at $112.97 on Monday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The firm has a fifty day moving average price of $124.62 and a 200 day moving average price of $151.52. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $6.73 billion, a PE ratio of 20.92, a P/E/G ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac 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.