Cresset Asset Management LLC Decreases Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Cresset Asset Management LLC lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,102 shares of the technology company's stock after selling 3,247 shares during the quarter. Cresset Asset Management LLC's holdings in Generac were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Hurley Capital LLC purchased a new position in shares of Generac in the fourth quarter worth approximately $26,000. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the fourth quarter worth approximately $28,000. Bank of Jackson Hole Trust purchased a new position in Generac during the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC boosted its position in shares of Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Generac by 203.6% in the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Janney Montgomery Scott raised shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Robert W. Baird lowered their target price 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. The Goldman Sachs Group lowered their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Bank of America began coverage on shares of Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Generac currently has an average rating of "Moderate Buy" and an average price target of $167.20.

Generac Stock Down 1.3%

Generac stock traded down $1.70 during midday trading on Tuesday, hitting $127.25. 456,517 shares of the company's stock were exchanged, compared to its average volume of 851,042. 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 Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The firm has a 50-day moving average of $120.01 and a two-hundred day moving average of $146.19. The company has a market cap of $7.52 billion, a PE ratio of 23.56, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $921.78 million. During the same period in the prior year, the business earned $0.88 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac 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.