Strs Ohio Lowers Stock Holdings in Generac Holdings Inc. $GNRC

Strs Ohio reduced its position in Generac Holdings Inc. (NYSE:GNRC) by 97.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,384 shares of the technology company’s stock after selling 56,712 shares during the period. Strs Ohio’s holdings in Generac were worth $189,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac during the 3rd quarter valued at $26,000. Sentry Investment Management LLC grew its stake in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after buying an additional 67 shares during the period. First Horizon Corp purchased a new stake in shares of Generac during the 3rd quarter valued at $28,000. MUFG Securities EMEA plc purchased a new stake in shares of Generac during the 2nd quarter valued at $25,000. Finally, Quent Capital LLC purchased a new stake in shares of Generac during the 3rd quarter valued at $41,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GNRC. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Needham & Company LLC restated a “buy” rating and set a $277.00 target price on shares of Generac in a report on Thursday, March 26th. Canaccord Genuity Group lifted their target price on shares of Generac from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wells Fargo & Company lifted their target price on shares of Generac from $238.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, UBS Group lifted their target price on shares of Generac from $270.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.31.

Generac Stock Performance

Shares of GNRC stock opened at $271.42 on Tuesday. Generac Holdings Inc. has a 12 month low of $118.09 and a 12 month high of $273.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The firm has a market capitalization of $15.98 billion, a P/E ratio of 85.09, a P/E/G ratio of 2.52 and a beta of 1.93. The company’s fifty day moving average price is $215.04 and its two-hundred day moving average price is $184.38.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business posted $1.26 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. On average, research analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.