Deutsche Bank AG Purchases 25,108 Shares of Generac Holdings Inc. (NYSE:GNRC)

Deutsche Bank AG raised its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 16.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,716 shares of the technology company's stock after purchasing an additional 25,108 shares during the quarter. Deutsche Bank AG owned about 0.29% of Generac worth $26,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Generac during the 4th quarter valued at $90,913,000. Boston Partners raised its position in Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Jennison Associates LLC lifted its holdings in Generac by 133.6% in the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. Finally, Forest Avenue Capital Management LP bought a new position in shares of Generac during the 4th quarter valued at about $49,313,000. Institutional investors own 84.04% of the company's stock.

Generac Stock Down 0.6%

NYSE GNRC traded down $0.78 during trading on Monday, hitting $128.66. 312,831 shares of the company traded hands, compared to its average volume of 851,534. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The business has a fifty day simple moving average of $120.06 and a 200 day simple moving average of $146.47. The company has a market capitalization of $7.60 billion, a P/E ratio of 23.83, a PEG ratio of 1.44 and a beta of 1.73. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating analysts' consensus estimates 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 analyst estimates of $921.78 million. During the same quarter last year, the firm posted $0.88 earnings per share. The company's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. TD Cowen reduced their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Finally, Robert W. Baird cut their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $167.20.

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.