Retirement Planning Co of New England Inc. Purchases 548 Shares of Generac Holdings Inc. (NYSE:GNRC)

Retirement Planning Co of New England Inc. raised its position in Generac Holdings Inc. (NYSE:GNRC) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,133 shares of the technology company’s stock after buying an additional 548 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Generac were worth $331,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GNRC. Jennison Associates LLC increased its holdings in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock valued at $104,227,000 after buying an additional 384,434 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Generac during the 4th quarter valued at approximately $46,785,000. The Manufacturers Life Insurance Company grew its holdings 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 valued at $88,944,000 after purchasing an additional 299,205 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Generac by 819.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock valued at $28,738,000 after purchasing an additional 163,323 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Generac by 498.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 126,121 shares of the technology company’s stock valued at $19,555,000 after purchasing an additional 105,063 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Up 1.7 %

Shares of NYSE GNRC opened at $132.62 on Tuesday. The company has a market capitalization of $7.91 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52-week low of $110.86 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company’s 50 day moving average price is $145.50 and its 200-day moving average price is $158.67.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GNRC. Stifel Nicolaus decreased their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Robert W. Baird decreased their price target on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Citigroup reduced their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

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.