Russell Investments Group Ltd. Has $1.80 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

Russell Investments Group Ltd. boosted its position in Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,893 shares of the technology company’s stock after buying an additional 650 shares during the period. Russell Investments Group Ltd.’s holdings in Generac were worth $1,801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of GNRC. Macquarie Group Ltd. raised its holdings in shares of Generac by 652.3% during the second quarter. Macquarie Group Ltd. now owns 487,017 shares of the technology company’s stock valued at $102,556,000 after purchasing an additional 422,280 shares during the period. Scout Investments Inc. increased its position in shares of Generac by 92.3% during the fourth quarter. Scout Investments Inc. now owns 492,303 shares of the technology company’s stock worth $49,555,000 after acquiring an additional 236,264 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Generac by 11,907.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 231,254 shares of the technology company’s stock worth $41,196,000 after acquiring an additional 229,328 shares in the last quarter. Coatue Management LLC bought a new stake in shares of Generac during the third quarter worth about $27,969,000. Finally, Bowen Hanes & Co. Inc. increased its position in shares of Generac by 715.8% during the third quarter. Bowen Hanes & Co. Inc. now owns 167,765 shares of the technology company’s stock worth $29,886,000 after acquiring an additional 147,200 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $102.16, for a total value of $510,800.00. Following the sale, the chief executive officer now directly owns 622,690 shares in the company, valued at approximately $63,614,010.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 55,207 shares of company stock worth $6,454,560 in the last three months. 2.80% of the stock is currently owned by corporate insiders.

Generac Stock Performance

Shares of GNRC stock opened at $118.28 on Tuesday. The stock has a market capitalization of $7.36 billion, a P/E ratio of 30.17, a PEG ratio of 1.90 and a beta of 1.16. The company has a current ratio of 2.40, a quick ratio of 0.82 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $107.95 and its 200 day moving average is $108.61. Generac Holdings Inc. has a 12 month low of $86.29 and a 12 month high of $299.85.

Generac (NYSE:GNRC – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The company had revenue of $887.90 million for the quarter, compared to analysts’ expectations of $850.07 million. Generac had a net margin of 6.91% and a return on equity of 19.63%. Generac’s revenue was down 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 5.98 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group raised shares of Generac from a “hold” rating to a “buy” rating and boosted their target price for the stock from $104.00 to $175.00 in a research report on Thursday, February 16th. Credit Suisse Group decreased their target price on shares of Generac from $165.00 to $159.00 and set an “outperform” rating for the company in a research report on Thursday, February 2nd. UBS Group decreased their target price on shares of Generac from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 16th. Janney Montgomery Scott downgraded shares of Generac from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 21st. Finally, Stephens upped their price objective on shares of Generac from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 21st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $180.39.

Generac Profile

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Generac Holdings, Inc engages in the business of designing and manufacturing energy technology solutions. It operates under the Domestic and International segments. The Domestic segment includes the legacy Generac business and the acquisitions that are based in the United States and Canada. The International segment focuses on Generac business’ Latin American export operations.