138,933 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 138,933 shares of the technology company’s stock, valued at approximately $17,956,000.

Other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co boosted its stake in shares of Generac by 3.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock worth $430,000 after acquiring an additional 48 shares during the last quarter. Vident Investment Advisory LLC boosted its stake in Generac by 3.3% during the 1st quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock worth $622,000 after purchasing an additional 68 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Generac by 7.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,294 shares of the technology company’s stock worth $272,000 after buying an additional 90 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Generac by 45.6% in the first quarter. Lazard Asset Management LLC now owns 300 shares of the technology company’s stock valued at $88,000 after buying an additional 94 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Generac by 0.7% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 15,242 shares of the technology company’s stock valued at $1,534,000 after buying an additional 100 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC stock opened at $136.08 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. The firm has a market cap of $8.20 billion, a P/E ratio of 41.36, a P/E/G ratio of 1.79 and a beta of 1.45. The firm’s 50 day moving average price is $120.00 and its 200-day moving average price is $114.86. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts predict that Generac Holdings Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at approximately $75,170,948.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

GNRC has been the subject of several research reports. Roth Mkm upped their price objective on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Canaccord Genuity Group upped their target price on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, TD Cowen reduced their price target on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.80.

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.