Dimensional Fund Advisors LP Buys 35,026 Shares of Generac Holdings Inc. (NYSE:GNRC)

Dimensional Fund Advisors LP grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 702,811 shares of the technology company’s stock after acquiring an additional 35,026 shares during the quarter. Dimensional Fund Advisors LP owned about 1.16% of Generac worth $92,941,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GNRC. Norges Bank purchased a new position in Generac in the fourth quarter worth about $67,253,000. Corient Private Wealth LLC boosted its stake in Generac by 2.0% during the 4th quarter. Corient Private Wealth LLC now owns 29,002 shares of the technology company’s stock valued at $3,748,000 after purchasing an additional 558 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Generac in the 4th quarter worth $185,000. Intech Investment Management LLC purchased a new position in shares of Generac in the fourth quarter worth $457,000. Finally, Hilltop Holdings Inc. lifted its holdings in shares of Generac by 55.3% during the fourth quarter. Hilltop Holdings Inc. now owns 3,068 shares of the technology company’s stock valued at $397,000 after purchasing an additional 1,093 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. Stephens reissued an “overweight” rating and issued a $200.00 target price on shares of Generac in a research report on Monday, August 5th. Scotiabank increased their price objective on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Piper Sandler restated an “overweight” rating and issued a $175.00 target price on shares of Generac in a report on Tuesday. Canaccord Genuity Group boosted their target price on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price target on Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $154.71.

Generac Stock Up 3.1 %

Shares of GNRC opened at $150.84 on Wednesday. The business’s 50 day moving average is $148.92 and its 200 day moving average is $140.39. The company has a current ratio of 2.25, a quick ratio of 0.99 and a debt-to-equity ratio of 0.61. Generac Holdings Inc. has a 12-month low of $79.86 and a 12-month high of $169.57. The company has a market capitalization of $9.14 billion, a PE ratio of 41.55, a price-to-earnings-growth ratio of 1.83 and a beta of 1.38.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. The firm had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Research analysts expect that Generac Holdings Inc. will post 6.52 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the sale, the chief executive officer now directly owns 577,177 shares in the company, valued at $76,989,640.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.80% of the company’s stock.

About Generac

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.