Stephens Investment Management Group LLC Increases Holdings in Generac Holdings Inc. (NYSE:GNRC)

Stephens Investment Management Group LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 241,114 shares of the technology company’s stock after acquiring an additional 48,765 shares during the period. Stephens Investment Management Group LLC’s holdings in Generac were worth $37,385,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of GNRC. Jennison Associates LLC increased its position in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after purchasing an additional 384,434 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 114.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after acquiring an additional 299,205 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Generac by 25,311.7% during the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock valued at $42,433,000 after acquiring an additional 266,026 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Generac by 498.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock worth $19,555,000 after purchasing an additional 105,063 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in Generac by 86.9% in the 3rd quarter. Hodges Capital Management Inc. now owns 166,278 shares of the technology company’s stock worth $26,418,000 after purchasing an additional 77,296 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Roth Mkm lifted their target price on shares of Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Robert W. Baird lowered their price objective on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Citigroup decreased their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial cut their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $173.55.

Insider Transactions at Generac

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

Generac Stock Down 0.3 %

Shares of NYSE GNRC opened at $142.22 on Friday. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 29.51, a PEG ratio of 1.44 and a beta of 1.42. The stock has a 50 day moving average price of $159.98 and a 200 day moving average price of $160.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

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.