iA Global Asset Management Inc. Purchases 1,717 Shares of Generac Holdings Inc. (NYSE:GNRC)

iA Global Asset Management Inc. grew its position in Generac Holdings Inc. (NYSE:GNRC) by 82.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,812 shares of the technology company’s stock after acquiring an additional 1,717 shares during the quarter. iA Global Asset Management Inc.’s holdings in Generac were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Boston Partners lifted its position in shares of Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares during the period. Jennison Associates LLC lifted its position in shares of Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after acquiring an additional 384,434 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Generac by 114.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after acquiring an additional 299,205 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Generac by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company’s stock worth $86,516,000 after acquiring an additional 2,015 shares during the period. Finally, King Luther Capital Management Corp lifted its position in shares of Generac by 1.1% in the 4th quarter. King Luther Capital Management Corp now owns 487,402 shares of the technology company’s stock worth $75,572,000 after acquiring an additional 5,105 shares during the period. Institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.90% of the stock is owned by corporate insiders.

Generac Stock Down 1.3 %

NYSE GNRC opened at $131.57 on Friday. The stock has a fifty day moving average of $143.39 and a 200-day moving average of $158.05. The stock has a market capitalization of $7.84 billion, a P/E ratio of 24.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $115.76 and a 52 week high of $195.94. 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 (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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%. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Truist Financial dropped their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. Finally, Piper Sandler dropped their target price on Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

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.