Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,461 shares of the technology company’s stock after acquiring an additional 1,657 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Generac were worth $3,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. grew its holdings in Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after acquiring an additional 1,177 shares during the period. Nordea Investment Management AB acquired a new stake in Generac in the fourth quarter valued at $5,229,000. Global Financial Private Client LLC acquired a new stake in Generac in the fourth quarter valued at $614,000. Principal Financial Group Inc. grew its holdings in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after purchasing an additional 3,426 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after purchasing an additional 14,811 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by insiders.

Generac Price Performance

GNRC stock opened at $130.41 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 1 year low of $110.86 and a 1 year high of $195.94. The firm has a market cap of $7.77 billion, a P/E ratio of 24.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The stock has a 50-day simple moving average of $146.05 and a 200-day simple moving average of $158.79.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating 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 analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on GNRC shares. Robert W. Baird lowered their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price on the stock. Citigroup reduced their price objective on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $174.00.

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.