GAMMA Investing LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8,026.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,835 shares of the technology company's stock after buying an additional 139,102 shares during the period. GAMMA Investing LLC owned approximately 0.24% of Generac worth $17,837,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LaFleur & Godfrey LLC lifted its position in Generac by 7.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 66,500 shares of the technology company's stock valued at $10,311,000 after purchasing an additional 4,350 shares during the period. Blue Trust Inc. raised its stake in shares of Generac by 82.5% during the 4th quarter. Blue Trust Inc. now owns 418 shares of the technology company's stock worth $66,000 after buying an additional 189 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Generac by 203.6% in the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after buying an additional 169 shares during the period. abrdn plc grew its holdings in Generac by 96.1% during the fourth quarter. abrdn plc now owns 9,009 shares of the technology company's stock worth $1,397,000 after acquiring an additional 4,416 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Generac by 38.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,116 shares of the technology company's stock worth $952,000 after acquiring an additional 1,692 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.
Generac Price Performance
Generac stock traded up $1.62 during midday trading on Friday, reaching $127.95. 902,838 shares of the company were exchanged, compared to its average volume of 842,621. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.44 and a beta of 1.70. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The firm's 50-day simple moving average is $118.17 and its 200-day simple moving average is $140.93.
Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 earnings per share. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have commented on GNRC shares. Robert W. Baird decreased their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Canaccord Genuity Group decreased their price objective 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 dropped their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Citigroup raised Generac from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Finally, Stephens reaffirmed an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $168.37.
Read Our Latest Research Report on Generac
Generac Profile
(
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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