Fmr LLC Boosts Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Fmr LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 41.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,549,551 shares of the technology company's stock after buying an additional 743,267 shares during the quarter. Fmr LLC owned about 4.09% of Generac worth $275,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GNRC. OLD Mission Capital LLC purchased a new position in Generac during the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust grew its stake in Generac by 158.3% during the first quarter. Parkside Financial Bank & Trust now owns 248 shares of the technology company's stock valued at $27,000 after acquiring an additional 152 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Generac during the 1st quarter worth approximately $28,000. CoreCap Advisors LLC purchased a new stake in Generac in the 4th quarter worth approximately $33,000. Finally, IAG Wealth Partners LLC boosted its holdings in Generac by 98.0% in the 4th quarter. IAG Wealth Partners LLC now owns 404 shares of the technology company's stock valued at $41,000 after purchasing an additional 200 shares during the period. 87.59% of the stock is owned by institutional investors.

Shares of NYSE GNRC opened at $119.22 on Thursday. Generac Holdings Inc. has a 1 year low of $86.29 and a 1 year high of $244.14. The stock has a market capitalization of $7.42 billion, a P/E ratio of 49.47, a P/E/G ratio of 2.20 and a beta of 1.24. The company's 50-day moving average is $131.20 and its 200 day moving average is $119.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 0.89.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, August 2nd. The technology company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.08). The firm had revenue of $1,000.00 million for the quarter, compared to analysts' expectations of $979.51 million. Generac had a return on equity of 14.23% and a net margin of 4.64%. The firm's revenue was down 22.5% on a year-over-year basis. During the same quarter last year, the company posted $2.99 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 5.41 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Argus upgraded Generac from a "hold" rating to a "buy" rating and set a $155.00 price objective on the stock in a research report on Tuesday, July 11th. Piper Sandler cut their price target on shares of Generac from $160.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, August 15th. The Goldman Sachs Group lowered their price target on Generac from $154.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, August 3rd. Citigroup boosted their price objective on shares of Generac from $127.00 to $144.00 and gave the stock a "neutral" rating in a report on Wednesday, July 19th. Finally, Bank of America cut their price target on shares of Generac from $95.00 to $90.00 in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $143.04.

View Our Latest Analysis on GNRC

In related news, EVP Rajendra Kumar Kanuru sold 250 shares of the business's stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $149.15, for a total transaction of $37,287.50. Following the sale, the executive vice president now owns 16,618 shares of the company's stock, valued at $2,478,574.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Generac news, EVP Rajendra Kumar Kanuru sold 250 shares of the business's stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $149.15, for a total value of $37,287.50. Following the sale, the executive vice president now directly owns 16,618 shares of the company's stock, valued at $2,478,574.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $149.15, for a total value of $745,750.00. Following the completion of the sale, the chief executive officer now directly owns 612,690 shares in the company, valued at $91,382,713.50. The disclosure for this sale can be found here. Insiders own 2.80% of the company's stock.

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, energy management devices and solutions, and other power products for the residential, light commercial, and industrial markets worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; residential storage solution consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; Mobile Link, a remote monitoring system for home standby generators; smart home solutions, such as smart thermostats and a suite of home monitoring products; smart water heater controllers; residential clean energy solutions; and portable and inverter generators; outdoor power equipment, including trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, and pressure washers and water pumps; and battery-powered turf care products.

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