Generac Holdings Inc. $GNRC Stock Holdings Reduced by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 21.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,014 shares of the technology company’s stock after selling 3,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Generac were worth $1,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in Generac in the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac in the third quarter worth about $26,000. First Horizon Corp acquired a new stake in shares of Generac in the third quarter worth about $28,000. Sentry Investment Management LLC lifted its position in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Generac in the third quarter worth about $41,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $277.00 price objective on shares of Generac in a research report on Thursday, March 26th. Stifel Nicolaus set a $275.00 price objective on Generac in a research report on Thursday, April 30th. Jefferies Financial Group initiated coverage on Generac in a research report on Friday, March 20th. They set a “hold” rating and a $222.00 price objective for the company. Finally, Stephens reissued an “overweight” rating and set a $290.00 price objective on shares of Generac in a research report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $270.31.

Insider Buying and Selling

In related news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the sale, the chief financial officer directly owned 137,182 shares in the company, valued at $32,321,451.02. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

Generac Trading Down 4.4%

GNRC stock opened at $264.31 on Friday. Generac Holdings Inc. has a 1-year low of $118.09 and a 1-year high of $276.80. The firm has a market cap of $15.56 billion, a P/E ratio of 82.86, a P/E/G ratio of 2.59 and a beta of 1.93. The business’s 50 day moving average is $218.65 and its 200-day moving average is $186.67. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a return on equity of 15.45% and a net margin of 4.37%.Generac’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 EPS. Equities analysts anticipate that Generac Holdings Inc. will post 8.91 earnings per share for the current fiscal year.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.