MQS Management LLC Purchases Shares of 2,044 Generac Holdings Inc. (NYSE:GNRC)

MQS Management LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,044 shares of the technology company's stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GNRC. Vanguard Group Inc. grew its stake in shares of Generac by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after buying an additional 47,450 shares in the last quarter. Boston Partners lifted its holdings in Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after buying an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 purchasing an additional 469,575 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Generac by 9.0% in the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock worth $102,873,000 after buying an additional 67,180 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Down 1.2%

Shares of GNRC stock traded down $1.80 during mid-day trading on Tuesday, hitting $146.89. The stock had a trading volume of 764,479 shares, compared to its average volume of 861,273. The firm has a market capitalization of $8.68 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The firm's 50-day moving average is $131.40 and its two-hundred day moving average is $134.21.

Generac (NYSE:GNRC - Get Free Report) last announced its 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. The business had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. The business's revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on GNRC. TD Securities decreased their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Canaccord Genuity Group reduced their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus cut their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stephens reaffirmed an "overweight" rating and set a $175.00 price target on shares of Generac in a research note on Tuesday, May 27th. Finally, Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

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.