Cerity Partners LLC Has $6.44 Million Position in Generac Holdings Inc. (NYSE:GNRC)

Cerity Partners LLC boosted its stake in Generac Holdings Inc. (NYSE:GNRC) by 659.8% in the fourth quarter, HoldingsChannel reports. The firm owned 49,804 shares of the technology company’s stock after buying an additional 43,249 shares during the period. Cerity Partners LLC’s holdings in Generac were worth $6,437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meiji Yasuda Life Insurance Co increased its stake in Generac by 3.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock valued at $430,000 after purchasing an additional 48 shares in the last quarter. Vident Investment Advisory LLC raised its holdings in shares of Generac by 3.3% in the 1st quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock worth $622,000 after acquiring an additional 68 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Generac by 7.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,294 shares of the technology company’s stock valued at $272,000 after purchasing an additional 90 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Generac by 45.6% during the 1st quarter. Lazard Asset Management LLC now owns 300 shares of the technology company’s stock worth $88,000 after purchasing an additional 94 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Generac by 1.6% in the second quarter. Marshall Wace LLP now owns 6,310 shares of the technology company’s stock worth $941,000 after purchasing an additional 100 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

NYSE GNRC opened at $128.54 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 2.27 and a debt-to-equity ratio of 0.62. The company has a market cap of $7.75 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The firm’s 50-day simple moving average is $120.60 and its two-hundred day simple moving average is $115.29.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a net margin of 5.33% and a return on equity of 14.15%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. Research analysts predict that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on GNRC shares. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Citigroup upped their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. UBS Group dropped their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Finally, Robert W. Baird lifted their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.80.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on 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 in the company, valued at $75,170,948.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Generac Company 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.