656 Shares in Generac Holdings Inc. (NYSE:GNRC) Acquired by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 656 shares of the technology company’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GNRC. Vanguard Group Inc. boosted its stake in Generac by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after buying an additional 47,450 shares during the last quarter. Boston Partners boosted its position in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after acquiring an additional 533,612 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Generac by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock valued at $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Generac by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company’s stock valued at $112,961,000 after purchasing an additional 16,954 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GNRC shares. Bank of America began coverage on shares of Generac in a research note on Monday, March 24th. They issued a “buy” rating and a $182.00 price objective for the company. The Goldman Sachs Group dropped their price target on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Stifel Nicolaus decreased their price objective on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Piper Sandler lowered their price objective on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Robert W. Baird cut their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Nine investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.40.

Generac Stock Performance

Shares of NYSE:GNRC opened at $114.52 on Thursday. The firm has a 50 day moving average of $123.07 and a 200 day moving average of $150.58. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The firm had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same period in the previous year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.90% of the company’s stock.

Generac 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.