Conestoga Capital Advisors LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,597 shares of the technology company's stock after purchasing an additional 7,525 shares during the quarter. Conestoga Capital Advisors LLC owned 0.28% of Generac worth $20,973,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Grimes & Company Inc. acquired a new position in Generac during the first quarter worth $6,265,000. QRG Capital Management Inc. raised its holdings in shares of Generac by 79.5% in the 1st quarter. QRG Capital Management Inc. now owns 3,441 shares of the technology company's stock worth $436,000 after acquiring an additional 1,524 shares during the last quarter. Sowell Financial Services LLC bought a new position in Generac in the 1st quarter valued at about $416,000. Hanson & Doremus Investment Management boosted its stake in Generac by 6.0% during the 1st quarter. Hanson & Doremus Investment Management now owns 3,216 shares of the technology company's stock valued at $407,000 after purchasing an additional 182 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Generac by 22.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 733 shares of the technology company's stock worth $93,000 after purchasing an additional 133 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.
Generac Price Performance
GNRC opened at $126.23 on Tuesday. The firm has a 50-day moving average price of $120.13 and a 200-day moving average price of $137.74. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.44 and a beta of 1.70.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. Generac's revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.
Wall Street Analysts Forecast Growth
GNRC has been the topic of a number of recent research reports. Stephens restated an "overweight" rating and issued a $175.00 target price on shares of Generac in a report on Tuesday, May 27th. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Piper Sandler reduced their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, TD Cowen reduced their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $169.17.
Check Out 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.
Further Reading
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