Arrowstreet Capital Limited Partnership Grows Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Arrowstreet Capital Limited Partnership grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 81.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,042,785 shares of the technology company’s stock after buying an additional 469,575 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.75% of Generac worth $161,684,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in Generac by 63.8% during the third quarter. Thrivent Financial for Lutherans now owns 4,006 shares of the technology company’s stock valued at $637,000 after purchasing an additional 1,560 shares during the period. Brooklyn Investment Group purchased a new position in Generac during the third quarter worth $31,000. Townsquare Capital LLC lifted its holdings in shares of Generac by 9.0% in the 3rd quarter. Townsquare Capital LLC now owns 3,110 shares of the technology company’s stock worth $494,000 after acquiring an additional 258 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Generac by 54.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock worth $1,904,000 after purchasing an additional 4,209 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Generac by 1.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,477 shares of the technology company’s stock valued at $1,665,000 after purchasing an additional 200 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of analyst reports. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. UBS Group raised their price objective on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Citigroup lowered their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.38.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares in the company, valued at approximately $89,904,937.50. The trade was a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.90% of the stock is owned by corporate insiders.

Generac Trading Down 3.0 %

NYSE:GNRC opened at $127.11 on Monday. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $140.67 and a 200-day simple moving average of $157.80. Generac Holdings Inc. has a 12 month low of $125.00 and a 12 month high of $195.94. The company has a market capitalization of $7.58 billion, a P/E ratio of 23.54, a PEG ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last issued its quarterly earnings results 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%. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.