Algert Global LLC Grows Position in Generac Holdings Inc. (NYSE:GNRC)

Algert Global LLC grew its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 70.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,810 shares of the technology company's stock after purchasing an additional 17,731 shares during the period. Algert Global LLC owned approximately 0.07% of Generac worth $6,638,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GNRC. Nebula Research & Development LLC acquired a new position in Generac during the fourth quarter worth about $3,638,000. Pinebridge Investments L.P. lifted its stake in Generac by 28.1% in the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after purchasing an additional 15,147 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Generac during the fourth quarter worth $5,229,000. Global Financial Private Client LLC acquired a new position in shares of Generac during the fourth quarter worth $614,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after acquiring an additional 14,811 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Generac stock traded up $0.51 during mid-day trading on Friday, reaching $121.10. 561,834 shares of the company's stock were exchanged, compared to its average volume of 848,629. The business's fifty day simple moving average is $120.44 and its 200 day simple moving average is $148.01. 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 one year low of $99.50 and a one year high of $195.94. The firm has a market capitalization of $7.22 billion, a PE ratio of 22.43, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last released its 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 analysts' expectations of $921.78 million. During the same period in the previous year, the business posted $0.88 EPS. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on GNRC shares. Citigroup raised Generac from a "neutral" rating to a "buy" rating and cut their price target for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Piper Sandler reduced their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. TD Securities reduced their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday. Finally, TD Cowen reduced their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $167.20.

Generac Company Profile

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.