Mesirow Financial Investment Management Inc. Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Mesirow Financial Investment Management Inc. increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,630 shares of the technology company’s stock after buying an additional 163 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Generac were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. Jennison Associates LLC boosted its holdings in shares of Generac by 133.6% in the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after buying an additional 384,434 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Generac in the fourth quarter worth approximately $46,785,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock worth $88,944,000 after buying an additional 299,205 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Generac by 819.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 183,254 shares of the technology company’s stock worth $28,738,000 after buying an additional 163,323 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in 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 worth $19,555,000 after acquiring an additional 105,063 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 4.6 %

NYSE GNRC opened at $136.85 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $148.62 and a two-hundred day moving average of $159.69. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 52 week low of $110.35 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping 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%. On average, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Piper Sandler decreased their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Truist Financial decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. UBS Group raised their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Barclays assumed coverage on shares of Generac in a research note on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

Insider Transactions at Generac

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