Mercer Global Advisors Inc. ADV cut its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 70.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,518 shares of the technology company's stock after selling 5,983 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Generac were worth $390,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hurley Capital LLC purchased a new stake in Generac in the fourth quarter worth $26,000. Cranbrook Wealth Management LLC acquired a new stake in Generac in the fourth quarter valued at approximately $28,000. Bank of Jackson Hole Trust acquired a new position in Generac during the 4th quarter valued at about $31,000. Quadrant Capital Group LLC raised its position in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in shares of Generac by 203.6% during the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after buying an additional 169 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.
Generac Stock Down 0.4%
Shares of Generac stock traded down $0.46 during midday trading on Tuesday, hitting $128.50. The company's stock had a trading volume of 38,379 shares, compared to its average volume of 849,415. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The stock has a 50-day simple moving average of $120.01 and a 200-day simple moving average of $146.19. The firm has a market capitalization of $7.59 billion, a P/E ratio of 23.78, a PEG ratio of 1.44 and a beta of 1.73.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period last year, the business posted $0.88 EPS. Generac's revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their target price 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. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. TD Securities dropped their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Canaccord Genuity Group cut their price target on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, TD Cowen dropped their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Generac has a consensus rating of "Moderate Buy" and an average price target of $167.20.
Read Our Latest Research Report on GNRC
Generac 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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