Mutual of America Capital Management LLC Buys 1,086 Shares of Generac Holdings Inc. (NYSE:GNRC)

Mutual of America Capital Management LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,413 shares of the technology company’s stock after acquiring an additional 1,086 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Generac were worth $1,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GNRC. Fairfield Bush & CO. grew its holdings in shares of Generac by 83.2% during the first quarter. Fairfield Bush & CO. now owns 7,102 shares of the technology company’s stock worth $2,111,000 after purchasing an additional 3,225 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 last quarter. Prudential PLC acquired a new position in Generac in the 1st quarter valued at approximately $441,000. National Pension Service raised its stake in shares of Generac by 12.8% during the first quarter. National Pension Service now owns 98,555 shares of the technology company’s stock valued at $29,296,000 after acquiring an additional 11,158 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,770,488 shares of the technology company’s stock worth $2,012,595,000 after purchasing an additional 130,854 shares during the period. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of recent research reports. Citigroup increased their price objective on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. UBS Group lowered their price objective on Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Roth Mkm upped their target price on Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Robert W. Baird boosted their price target 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. Finally, Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. One equities research 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. According to data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and an average price target of $140.80.

Generac Stock Up 1.3 %

Shares of NYSE:GNRC opened at $135.15 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The business’s 50 day simple moving average is $121.21 and its two-hundred day simple moving average is $115.95. The firm has a market cap of $8.15 billion, a P/E ratio of 41.08, a PEG ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last issued its 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). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. Generac’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, research analysts forecast that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the completion of the sale, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.80% of the company’s stock.

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.