Burgundy Asset Management Ltd. raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 440,389 shares of the technology company's stock after buying an additional 7,396 shares during the period. Burgundy Asset Management Ltd. owned about 0.74% of Generac worth $68,282,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of GNRC. Barclays PLC lifted its position in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after buying an additional 54,202 shares in the last quarter. Merit Financial Group LLC lifted its holdings in Generac by 18.9% during the fourth quarter. Merit Financial Group LLC now owns 2,192 shares of the technology company's stock valued at $340,000 after purchasing an additional 349 shares in the last quarter. LaFleur & Godfrey LLC boosted its position in shares of Generac by 7.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 66,500 shares of the technology company's stock worth $10,311,000 after purchasing an additional 4,350 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Generac by 323.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,960 shares of the technology company's stock worth $1,389,000 after purchasing an additional 6,843 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in shares of Generac by 8.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,173 shares of the technology company's stock worth $337,000 after purchasing an additional 165 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.
Generac Trading Down 0.5%
Shares of GNRC traded down $0.64 during trading hours on Wednesday, reaching $125.42. 157,586 shares of the company traded hands, compared to its average volume of 862,375. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The stock's fifty day moving average price is $119.17 and its 200 day moving average price is $144.03. 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 issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same period in the previous year, the company posted $0.88 EPS. Generac's revenue was up 5.9% on a year-over-year basis. Sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Piper Sandler dropped their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Finally, Canaccord Genuity Group decreased their price target on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.95.
Read Our Latest Analysis on GNRC
About Generac
(
Free Report)
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.
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