New York State Common Retirement Fund Has $6.93 Million Stock Position in Generac Holdings Inc. (NYSE:GNRC)

New York State Common Retirement Fund lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 53,598 shares of the technology company’s stock after selling 1,962 shares during the period. New York State Common Retirement Fund’s holdings in Generac were worth $6,927,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of GNRC. Duality Advisers LP bought a new position in Generac in the 4th quarter valued at about $964,000. Ninety One UK Ltd grew its holdings in Generac by 13.4% during the fourth quarter. Ninety One UK Ltd now owns 476,897 shares of the technology company’s stock worth $61,634,000 after buying an additional 56,169 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Generac by 273.7% during the fourth quarter. State of Alaska Department of Revenue now owns 27,636 shares of the technology company’s stock worth $3,571,000 after buying an additional 20,240 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Generac by 13.3% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 83,646 shares of the technology company’s stock valued at $10,810,000 after acquiring an additional 9,849 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Generac during the 4th quarter worth $17,956,000. Institutional investors own 84.04% of the company’s stock.

Generac Trading Up 3.7 %

NYSE:GNRC opened at $133.38 on Friday. Generac Holdings Inc. has a 1 year low of $79.86 and a 1 year high of $156.95. The stock’s fifty day moving average price is $124.48 and its two-hundred day moving average price is $118.08. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.29 and a quick ratio of 0.94. The company has a market cap of $8.06 billion, a P/E ratio of 36.74, a P/E/G ratio of 1.74 and a beta of 1.41.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. Generac had a return on equity of 14.68% and a net margin of 5.68%. The business had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter in the prior year, the firm posted $0.63 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts expect that Generac Holdings Inc. will post 6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several analyst reports. Citigroup increased their target price on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Oppenheimer boosted their target price on Generac from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Robert W. Baird raised their target price on Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $142.40.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $139.95, for a total transaction of $699,750.00. Following the completion of the transaction, the chief executive officer now directly owns 587,177 shares in the company, valued at $82,175,421.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is currently owned by company 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.