Strs Ohio Makes New Investment in Generac Holdings Inc. (NYSE:GNRC)

Strs Ohio acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,894 shares of the technology company’s stock, valued at approximately $761,000.

Other large investors have also recently added to or reduced their stakes in the company. AE Wealth Management LLC bought a new position in shares of Generac in the third quarter worth $750,000. Global Retirement Partners LLC increased its position in shares of Generac by 15.3% in the third quarter. Global Retirement Partners LLC now owns 1,411 shares of the technology company’s stock worth $144,000 after purchasing an additional 187 shares during the period. SG Americas Securities LLC increased its position in shares of Generac by 9.4% in the third quarter. SG Americas Securities LLC now owns 10,048 shares of the technology company’s stock worth $1,095,000 after purchasing an additional 860 shares during the period. DAVENPORT & Co LLC increased its position in shares of Generac by 19.2% in the third quarter. DAVENPORT & Co LLC now owns 21,113 shares of the technology company’s stock worth $2,300,000 after purchasing an additional 3,404 shares during the period. Finally, Czech National Bank increased its position in shares of Generac by 47.7% in the third quarter. Czech National Bank now owns 10,878 shares of the technology company’s stock worth $1,185,000 after purchasing an additional 3,515 shares during the period. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird raised their price target on Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Roth Mkm raised their price objective on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday. Canaccord Genuity Group raised their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Canaccord Genuity Group raised their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. 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 currently has an average rating of “Moderate Buy” and an average target price of $141.65.

Generac Stock Performance

Shares of GNRC stock opened at $138.85 on Friday. The business’s 50-day moving average price is $122.17 and its 200-day moving average price is $116.82. 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 $8.37 billion, a price-to-earnings ratio of 42.20, a PEG ratio of 1.80 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.

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

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 transaction, 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 through this hyperlink. 2.80% of the stock is owned by insiders.

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.