Price Capital Management Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,474 shares of the technology company’s stock, valued at approximately $618,000.

Several other large investors have also recently modified their holdings of GNRC. Legal & General Group Plc boosted its stake in shares of Generac by 6.2% in the third quarter. Legal & General Group Plc now owns 60,743 shares of the technology company’s stock valued at $2,788,000 after buying an additional 3,547 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Generac by 52.3% in the third quarter. Wells Fargo & Company MN now owns 222,348 shares of the technology company’s stock valued at $10,212,000 after buying an additional 76,395 shares during the period. Impax Asset Management AIFM Ltd boosted its stake in shares of Generac by 1.9% in the third quarter. Impax Asset Management AIFM Ltd now owns 416,809 shares of the technology company’s stock valued at $19,144,000 after buying an additional 7,600 shares during the period. State Street Corp boosted its stake in shares of Generac by 5.1% in the second quarter. State Street Corp now owns 1,241,485 shares of the technology company’s stock valued at $44,855,000 after buying an additional 60,746 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Generac in the third quarter valued at approximately $420,000. Institutional investors own 95.97% of the company’s stock.

Several equities research analysts recently issued reports on the company. BidaskClub cut Generac from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Generac from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Wednesday, January 17th. Wolfe Research downgraded shares of Generac from a “market perform” rating to an “underperform” rating in a research report on Monday, November 20th. SunTrust Banks restated a “hold” rating and set a $48.00 price objective on shares of Generac in a research report on Friday, November 3rd. Finally, Oppenheimer restated a “hold” rating on shares of Generac in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $53.00.

Generac Holdings Inc. (NYSE GNRC) opened at $46.47 on Friday. Generac Holdings Inc. has a 1 year low of $33.77 and a 1 year high of $53.78. The company has a market cap of $2,892.47, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.01 and a current ratio of 1.77.

In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $48.54, for a total transaction of $970,800.00. Following the completion of the transaction, the chief executive officer now directly owns 969,911 shares in the company, valued at $47,079,479.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

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Generac Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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