Louisiana State Employees Retirement System Takes $478,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Louisiana State Employees Retirement System bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,700 shares of the technology company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. State of Alaska Department of Revenue lifted its holdings in shares of Generac by 273.7% in the 4th quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after acquiring an additional 20,240 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Generac by 13.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock worth $10,810,000 after purchasing an additional 9,849 shares during the period. International Assets Investment Management LLC bought a new stake in Generac in the fourth quarter worth $17,956,000. DekaBank Deutsche Girozentrale boosted its position in Generac by 40.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 146,470 shares of the technology company’s stock valued at $18,955,000 after buying an additional 42,208 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Generac by 607.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,829 shares of the technology company’s stock valued at $2,950,000 after buying an additional 19,600 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 2.1 %

Shares of NYSE:GNRC opened at $137.21 on Tuesday. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $156.95. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 1.85 and a beta of 1.45. The stock has a fifty day simple moving average of $123.02 and a two-hundred day simple moving average of $117.46. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last announced 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). 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%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, research analysts anticipate that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GNRC shares. OTR Global upgraded Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. UBS Group dropped their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Robert W. Baird boosted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. Finally, Roth Mkm raised their target price on Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $141.65.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were 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 approximately $75,170,948.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

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.