Swiss National Bank Lowers Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Swiss National Bank lowered its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,300 shares of the technology company’s stock after selling 100 shares during the period. Swiss National Bank’s holdings in Generac were worth $18,342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC grew its position in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after purchasing an additional 299,205 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Generac by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock valued at $86,516,000 after purchasing an additional 2,015 shares during the period. King Luther Capital Management Corp grew its position in Generac by 1.1% during the fourth quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock valued at $75,572,000 after acquiring an additional 5,105 shares during the period. Finally, Disciplined Growth Investors Inc. MN grew its position in Generac by 5.6% during the third quarter. Disciplined Growth Investors Inc. MN now owns 385,584 shares of the technology company’s stock valued at $61,262,000 after acquiring an additional 20,576 shares during the period. Hedge funds and other institutional investors 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 company’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 sale, the chief executive officer now owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. UBS Group boosted their price target on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, Wells Fargo & Company lowered their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Trading Down 0.5 %

NYSE:GNRC opened at $131.85 on Wednesday. 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 one year low of $110.86 and a one year high of $195.94. The business’s 50-day simple moving average is $144.92 and its 200 day simple moving average is $158.49. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Company 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.