North Dakota State Investment Board Purchases Shares of 2,002 Generac Holdings Inc. $GNRC

North Dakota State Investment Board purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, Holdings Channel reports. The firm purchased 2,002 shares of the technology company’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Millennium Capital Advisors LLC acquired a new position in Generac in the fourth quarter worth $377,000. Canada Post Corp Registered Pension Plan increased its holdings in Generac by 31.8% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 1,286 shares of the technology company’s stock valued at $175,000 after purchasing an additional 310 shares during the last quarter. Stephens Inc. AR increased its holdings in Generac by 14.6% in the fourth quarter. Stephens Inc. AR now owns 8,275 shares of the technology company’s stock valued at $1,128,000 after purchasing an additional 1,052 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Generac by 165.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 17,773 shares of the technology company’s stock valued at $2,424,000 after purchasing an additional 11,078 shares during the last quarter. Finally, Legacy Financial Group LLC increased its holdings in Generac by 7.4% in the fourth quarter. Legacy Financial Group LLC now owns 1,445 shares of the technology company’s stock valued at $197,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Generac stock opened at $270.50 on Friday. The stock’s fifty day moving average price is $222.78 and its two-hundred day moving average price is $189.22. Generac Holdings Inc. has a one year low of $118.09 and a one year high of $276.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The firm has a market cap of $15.92 billion, a PE ratio of 84.80, a price-to-earnings-growth ratio of 2.53 and a beta of 1.93.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company posted $1.26 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. As a group, research analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity

In other news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and issued a $290.00 price target on shares of Generac in a report on Thursday. Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $277.00 price target on shares of Generac in a research report on Thursday, March 26th. Stifel Nicolaus set a $275.00 price target on Generac in a research report on Thursday, April 30th. Finally, UBS Group raised their price objective on Generac from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $276.88.

Generac Company 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.