Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 34.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,106 shares of the technology company’s stock after selling 10,380 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Generac were worth $2,598,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp grew its holdings in shares of Generac by 13,944.2% in the 3rd quarter. Mackenzie Financial Corp now owns 297,456 shares of the technology company’s stock worth $30,683,000 after acquiring an additional 295,338 shares during the period. Ariel Investments LLC grew its holdings in Generac by 14.9% in the third quarter. Ariel Investments LLC now owns 2,010,344 shares of the technology company’s stock valued at $219,047,000 after purchasing an additional 261,050 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Generac by 42.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 650,139 shares of the technology company’s stock valued at $70,839,000 after buying an additional 194,265 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Generac by 108.6% during the 3rd quarter. Blair William & Co. IL now owns 284,345 shares of the technology company’s stock worth $30,982,000 after buying an additional 148,017 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Generac by 9.9% in the 3rd quarter. Invesco Ltd. now owns 1,633,226 shares of the technology company’s stock worth $177,956,000 after buying an additional 147,523 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GNRC has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Citigroup upped their target price on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Canaccord Genuity Group raised their price target on Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Robert W. Baird boosted their price target on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Finally, TD Cowen decreased their price objective on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.65.

Generac Trading Up 1.5 %

Shares of GNRC opened at $136.10 on Wednesday. The stock’s fifty day simple moving average is $121.53 and its 200 day simple moving average is $116.52. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $8.20 billion, a P/E ratio of 41.37, a price-to-earnings-growth ratio of 1.79 and a beta of 1.45.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.78 earnings per share. On average, equities research analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the transaction, the chief executive officer now owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is owned by insiders.

About Generac

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.