Stevens Capital Management LP Takes $358,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Stevens Capital Management LP bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, Holdings Channel.com reports. The fund bought 2,310 shares of the technology company’s stock, valued at approximately $358,000.

Several other institutional investors have also recently added to or reduced their stakes in GNRC. Boston Partners increased its holdings in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Jennison Associates LLC increased its holdings in Generac by 133.6% in the 4th 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 last quarter. Raymond James Financial Inc. acquired a new stake in Generac in the 4th quarter valued at approximately $46,785,000. The Manufacturers Life Insurance Company increased its holdings in Generac by 114.8% in the 3rd 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Generac by 819.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after purchasing an additional 163,323 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the sale, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Generac Price Performance

Shares of GNRC opened at $131.57 on Monday. Generac Holdings Inc. has a 1-year low of $115.76 and a 1-year high of $195.94. The stock has a market cap of $7.84 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a fifty day moving average price of $143.39 and a 200 day moving average price of $158.13.

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

Analyst Ratings Changes

GNRC has been the subject of several research reports. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped their price target on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Citigroup dropped their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price 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.