Gotham Asset Management LLC Has $40.04 Million Stake in Generac Holdings Inc. $GNRC

Gotham Asset Management LLC boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 239,173 shares of the technology company’s stock after purchasing an additional 3,353 shares during the period. Gotham Asset Management LLC owned 0.41% of Generac worth $40,038,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in Generac during the third quarter valued at $70,744,000. Strs Ohio boosted its position in Generac by 583.4% during the 3rd quarter. Strs Ohio now owns 58,096 shares of the technology company’s stock worth $9,725,000 after acquiring an additional 49,595 shares during the period. Envestnet Asset Management Inc. boosted its position in Generac by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company’s stock worth $100,031,000 after acquiring an additional 15,280 shares during the period. JPMorgan Chase & Co. grew its stake in Generac by 2.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 361,189 shares of the technology company’s stock valued at $51,728,000 after acquiring an additional 10,325 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Generac by 30.5% in the 3rd quarter. Principal Financial Group Inc. now owns 86,623 shares of the technology company’s stock valued at $14,501,000 after purchasing an additional 20,270 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Down 1.7%

Shares of NYSE GNRC opened at $200.59 on Monday. The business has a 50 day simple moving average of $191.17 and a 200 day simple moving average of $174.29. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $241.09. The stock has a market cap of $11.77 billion, a price-to-earnings ratio of 74.85, a PEG ratio of 1.46 and a beta of 1.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. Generac’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.80 EPS. On average, research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research analyst reports. Canaccord Genuity Group set a $275.00 price target on shares of Generac in a research report on Thursday, February 12th. Stifel Nicolaus set a $235.00 price objective on shares of Generac in a research report on Thursday, February 12th. Citigroup lowered shares of Generac from a “buy” rating to a “neutral” rating and upped their price objective for the company from $207.00 to $237.00 in a research note on Thursday. Needham & Company LLC initiated coverage on shares of Generac in a research note on Monday, January 12th. They set a “buy” rating and a $211.00 target price for the company. Finally, UBS Group restated a “buy” rating and set a $270.00 price target on shares of Generac in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $222.06.

Insider Buying and Selling at Generac

In related news, CFO York A. Ragen sold 24,362 shares of Generac stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total value of $5,739,930.82. Following the completion of the sale, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

About Generac

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.