Chapman Financial Group LLC Takes $874,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Chapman Financial Group LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,637 shares of the technology company's stock, valued at approximately $874,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Baird Financial Group Inc. lifted its stake in Generac by 44.3% during the fourth quarter. Baird Financial Group Inc. now owns 79,244 shares of the technology company's stock worth $12,287,000 after purchasing an additional 24,334 shares in the last quarter. Algert Global LLC increased its position in shares of Generac by 70.7% during the fourth quarter. Algert Global LLC now owns 42,810 shares of the technology company's stock worth $6,638,000 after acquiring an additional 17,731 shares during the period. AXA S.A. acquired a new stake in shares of Generac in the fourth quarter valued at $3,873,000. Alaethes Wealth LLC boosted its holdings in Generac by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after purchasing an additional 78 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in Generac during the 4th quarter worth $313,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday. TD Securities reduced their price objective 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. Finally, Robert W. Baird lowered their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $167.20.

Generac Trading Up 2.1 %

GNRC stock traded up $2.40 during midday trading on Wednesday, hitting $116.15. The stock had a trading volume of 969,967 shares, compared to its average volume of 848,008. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a market cap of $6.92 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company's 50-day moving average price is $121.17 and its 200 day moving average price is $148.87. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94.

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

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.