AQR Capital Management LLC Has $7.46 Million Position in Generac Holdings Inc. (NYSE:GNRC)

AQR Capital Management LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,137 shares of the technology company's stock after selling 2,964 shares during the period. AQR Capital Management LLC owned about 0.08% of Generac worth $7,464,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently commented on GNRC. Robert W. Baird cut their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. TD Securities decreased their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Piper Sandler cut their price objective on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. UBS Group upped their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.20.

Generac Price Performance

Shares of NYSE:GNRC traded up $0.51 during trading on Friday, reaching $121.10. The company had a trading volume of 561,834 shares, compared to its average volume of 850,091. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The firm has a market capitalization of $7.22 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The firm's fifty day moving average is $120.44 and its 200 day moving average is $147.88. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. On average, equities analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

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.