Gould Capital LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,085 shares of the technology company's stock, valued at approximately $788,000.
Several other hedge funds also recently bought and sold shares of GNRC. Vanguard Group Inc. raised its holdings in Generac by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after acquiring an additional 47,450 shares during the period. Boston Partners grew its position in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Generac by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after purchasing an additional 16,954 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.
Generac Trading Down 1.7%
Generac stock traded down $2.10 during mid-day trading on Friday, hitting $122.18. 249,747 shares of the company's stock were exchanged, compared to its average volume of 857,079. The company's 50 day simple moving average is $118.76 and its 200-day simple moving average is $143.41. 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 firm has a market capitalization of $7.22 billion, a P/E ratio of 22.63, a PEG ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter last year, the firm posted $0.88 earnings per share. Generac's revenue was up 5.9% compared to the same quarter last year. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GNRC. UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Piper Sandler decreased their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Stifel Nicolaus cut their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 target price for the company. Finally, Robert W. Baird lowered their price target on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $165.95.
Read Our Latest Stock Analysis on Generac
Generac Company Profile
(
Free Report)
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.
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