Northwestern Mutual Wealth Management Co. Buys 4,071 Shares of Generac Holdings Inc. $GNRC

Northwestern Mutual Wealth Management Co. increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 60.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,766 shares of the technology company’s stock after purchasing an additional 4,071 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Generac were worth $1,468,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GNRC. Massachusetts Financial Services Co. MA increased its stake in shares of Generac by 127.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after acquiring an additional 536,732 shares in the last quarter. Robeco Schweiz AG bought a new stake in shares of Generac in the 4th quarter valued at $51,020,000. Victory Capital Management Inc. increased its stake in shares of Generac by 17.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after acquiring an additional 324,809 shares in the last quarter. Holocene Advisors LP increased its stake in shares of Generac by 346.6% in the 2nd quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock valued at $51,072,000 after acquiring an additional 276,775 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of Generac in the 2nd quarter valued at $38,079,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $261.39 on Friday. The company has a fifty day simple moving average of $237.45 and a 200 day simple moving average of $197.55. Generac Holdings Inc. has a 12-month low of $123.66 and a 12-month high of $294.18. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.39 billion, a P/E ratio of 81.94, a PEG ratio of 2.45 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $1.26 EPS. Generac’s revenue was up 12.5% compared to the same quarter last year. Sell-side analysts predict that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. TD Cowen lifted their price objective on shares of Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Bank of America reduced their price target on shares of Generac from $260.00 to $248.00 and set a “buy” rating for the company in a research report on Thursday, March 26th. Stephens reissued an “overweight” rating and issued a $290.00 price target on shares of Generac in a research report on Thursday, May 21st. Finally, Roth Mkm reissued a “neutral” rating and issued a $257.00 price target on shares of Generac in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.88.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, June 1st. The shares were sold at an average price of $272.18, for a total transaction of $1,360,900.00. Following the transaction, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.