Nisa Investment Advisors LLC Acquires 1,128 Shares of Generac Holdings Inc. (NYSE:GNRC)

Nisa Investment Advisors LLC grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 1,709.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,194 shares of the technology company’s stock after buying an additional 1,128 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Generac were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. increased its holdings in Generac by 83.2% during the 1st quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock worth $2,111,000 after acquiring an additional 3,225 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Generac by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,442 shares of the technology company’s stock worth $2,509,000 after acquiring an additional 523 shares during the period. Prudential PLC bought a new stake in Generac during the 1st quarter worth approximately $441,000. National Pension Service increased its holdings in Generac by 12.8% during the 1st quarter. National Pension Service now owns 98,555 shares of the technology company’s stock worth $29,296,000 after acquiring an additional 11,158 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Generac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after acquiring an additional 130,854 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the completion of the transaction, the chief executive officer now directly owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. UBS Group cut their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. Roth Mkm boosted their price target on shares of Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, TD Cowen cut their price target on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.80.

Generac Price Performance

Shares of Generac stock opened at $135.15 on Friday. The firm has a market cap of $8.15 billion, a PE ratio of 41.08, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. 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’s fifty day simple moving average is $121.05 and its two-hundred day simple moving average is $115.66.

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