Axa S.A. Invests $3.87 Million in Generac Holdings Inc. (NYSE:GNRC)

Axa S.A. purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,978 shares of the technology company's stock, valued at approximately $3,873,000.

Several other hedge funds have also recently added to or reduced their stakes in GNRC. MetLife Investment Management LLC lifted its position in Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after buying an additional 77 shares during the last quarter. Alaethes Wealth LLC lifted its holdings in shares of Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after acquiring an additional 78 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after purchasing an additional 80 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock worth $347,000 after purchasing an additional 84 shares during the period. Institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on GNRC shares. Bank of America began coverage on Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price objective on the stock. Canaccord Genuity Group decreased their price target on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and lowered their price target for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Finally, UBS Group raised their price target on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $167.20.

Generac Trading Up 2.1 %

Generac stock opened at $116.15 on Thursday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The business's fifty day simple moving average is $120.77 and its two-hundred day simple moving average is $148.65. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73.

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

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