Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 297,117 shares of the technology company’s stock after selling 339 shares during the period. Mackenzie Financial Corp’s holdings in Generac were worth $38,399,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in GNRC. Norges Bank acquired a new stake in Generac during the 4th quarter valued at $59,121,000. Macquarie Group Ltd. grew its holdings in Generac by 61.8% during the 1st quarter. Macquarie Group Ltd. now owns 1,244,286 shares of the technology company’s stock valued at $134,395,000 after purchasing an additional 475,104 shares in the last quarter. AQR Capital Management LLC acquired a new position in Generac during the 4th quarter worth $30,537,000. Morgan Stanley grew its holdings in Generac by 32.6% during the 4th quarter. Morgan Stanley now owns 1,184,771 shares of the technology company’s stock worth $119,259,000 after acquiring an additional 291,522 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Generac during the 1st quarter worth $30,181,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.5 %

GNRC stock opened at $129.09 on Wednesday. Generac Holdings Inc. has a 52 week low of $79.86 and a 52 week high of $156.95. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 39.24, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. The firm’s 50-day moving average is $120.60 and its two-hundred day moving average is $115.29. 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 released its earnings results 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GNRC. TD Cowen decreased their price objective on shares of Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Robert W. Baird lifted their price target on shares of Generac from $112.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Roth Mkm lifted their price target on shares of Generac from $105.00 to $118.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Citigroup lifted their price target on shares of Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, February 12th. Finally, Guggenheim lowered shares of Generac from a “buy” rating to a “neutral” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.80.

About Generac

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.