UniSuper Management Pty Ltd Boosts Stake in Generac Holdings Inc. (NYSE:GNRC)

UniSuper Management Pty Ltd increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,849 shares of the technology company’s stock after purchasing an additional 554 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Generac were worth $1,527,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of GNRC. Nordea Investment Management AB acquired a new position in shares of Generac during the fourth quarter worth about $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac during the 4th quarter valued at about $614,000. Franklin Resources Inc. lifted its position in Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 14,811 shares in the last quarter. Glenmede Trust Co. NA grew its position in Generac by 54.1% in the third quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock valued at $1,904,000 after acquiring an additional 4,209 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock valued at $29,425,000 after purchasing an additional 54,202 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of GNRC stock opened at $127.11 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $140.67 and a two-hundred day moving average of $157.80. The company has a market cap of $7.58 billion, a P/E ratio of 23.54, a PEG ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $125.00 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Guggenheim upgraded Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Piper Sandler reduced their price target on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, Bank of America initiated coverage on Generac in a report on Monday, March 24th. They set a “buy” rating and a $182.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.38.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.90% 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.