Assenagon Asset Management S.A. Sells 39,537 Shares of Generac Holdings Inc. (NYSE:GNRC)

Assenagon Asset Management S.A. lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 85.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,610 shares of the technology company's stock after selling 39,537 shares during the period. Assenagon Asset Management S.A.'s holdings in Generac were worth $837,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after buying an additional 72 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after acquiring an additional 77 shares during the last quarter. Alaethes Wealth LLC boosted its holdings in shares of Generac by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after acquiring an additional 78 shares in the last quarter. Allworth Financial LP grew its position in Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after acquiring an additional 80 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GNRC shares. Citigroup raised Generac from a "neutral" rating to a "buy" rating and cut their price target for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Stephens reiterated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a report on Tuesday, May 27th. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Stifel Nicolaus decreased their price target on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Bank of America began coverage on shares of Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $169.17.

Generac Trading Up 1.1%

Shares of GNRC stock traded up $1.40 during mid-day trading on Thursday, hitting $125.41. The company's stock had a trading volume of 577,715 shares, compared to its average volume of 845,241. The company has a market cap of $7.41 billion, a PE ratio of 21.85, a P/E/G ratio of 1.12 and a beta of 1.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The company's fifty day simple moving average is $120.53 and its 200-day simple moving average is $137.56. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The business had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. During the same quarter last year, the firm posted $0.88 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect 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.