36,020 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in Generac Holdings Inc. (NYSE:GNRCGet Rating) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 36,020 shares of the technology company’s stock, valued at approximately $6,416,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Generac by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 6,950,406 shares of the technology company’s stock valued at $1,238,146,000 after purchasing an additional 81,342 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Generac by 5.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,393,799 shares of the technology company’s stock valued at $714,666,000 after purchasing an additional 185,898 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Generac by 92.8% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,692,209 shares of the technology company’s stock valued at $356,345,000 after purchasing an additional 814,325 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in Generac by 19.5% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,293,350 shares of the technology company’s stock valued at $272,354,000 after purchasing an additional 211,470 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in Generac by 3.5% in the 3rd quarter. Impax Asset Management Group plc now owns 876,077 shares of the technology company’s stock valued at $155,216,000 after purchasing an additional 29,916 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 45,207 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $119.37, for a total transaction of $5,396,359.59. Following the completion of the transaction, the chief executive officer now directly owns 615,269 shares in the company, valued at approximately $73,444,660.53. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research analyst reports. StockNews.com initiated coverage on shares of Generac in a research note on Thursday. They set a “hold” rating for the company. Stephens upped their price objective on shares of Generac from $125.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, February 21st. Credit Suisse Group dropped their price objective on shares of Generac from $165.00 to $159.00 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 21st. Finally, Stifel Nicolaus upped their price objective on shares of Generac from $98.00 to $130.00 in a research note on Thursday, February 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $198.96.

Generac Stock Down 2.1 %

Shares of NYSE:GNRC opened at $113.13 on Friday. The company has a quick ratio of 0.78, a current ratio of 2.20 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 52-week low of $86.29 and a 52-week high of $328.60. The company has a 50 day moving average of $118.13 and a two-hundred day moving average of $129.55. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18.

Generac (NYSE:GNRCGet Rating) last released its earnings results on Wednesday, February 15th. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.70 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Generac had a return on equity of 23.82% and a net margin of 8.75%. The business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.51 EPS. As a group, analysts forecast that Generac Holdings Inc. will post 6.29 earnings per share for the current fiscal year.

About Generac

(Get Rating)

Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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