DekaBank Deutsche Girozentrale Raises Stake in Generac Holdings Inc. (NYSE:GNRC)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 40.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,470 shares of the technology company’s stock after acquiring an additional 42,208 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Generac were worth $18,955,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Meiji Yasuda Life Insurance Co lifted its holdings in shares of Generac by 3.4% in the first quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock worth $430,000 after buying an additional 48 shares in the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of Generac by 3.3% in the first quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock worth $622,000 after buying an additional 68 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Generac by 7.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,294 shares of the technology company’s stock worth $272,000 after buying an additional 90 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Generac by 45.6% in the first quarter. Lazard Asset Management LLC now owns 300 shares of the technology company’s stock worth $88,000 after buying an additional 94 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Generac by 1.6% in the second quarter. Marshall Wace LLP now owns 6,310 shares of the technology company’s stock worth $941,000 after buying an additional 100 shares in 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 several research reports. UBS Group reduced their price target on shares of Generac from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Robert W. Baird boosted their price objective on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. TD Cowen cut their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Citigroup boosted their price objective on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Finally, OTR Global upgraded shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $140.80.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $115.22, for a total transaction of $576,100.00. Following the transaction, the chief executive officer now owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $134.41 on Monday. The company has a market cap of $8.10 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $156.95. The company’s 50 day moving average is $118.24 and its 200 day moving average is $114.13. The company has a current ratio of 2.27, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $1.78 EPS. Generac’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Generac Holdings Inc. will post 6.31 EPS 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.