Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 15.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 25,520 shares of the technology company's stock after purchasing an additional 3,345 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Generac were worth $3,232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Generac by 0.7% during the fourth 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 during the period. Boston Partners lifted its holdings in shares of 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 acquiring an additional 533,612 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $223,293,000 after purchasing an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after purchasing an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Generac by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after purchasing an additional 16,954 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC stock opened at $142.58 on Monday. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 1.28 and a beta of 1.70. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company's 50-day simple moving average is $123.90 and its 200-day simple moving average is $134.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. Generac's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of recent research reports. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. TD Securities dropped their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Robert W. Baird reduced their price target on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Stephens reaffirmed an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company dropped their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note 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. According to MarketBeat, Generac has an average rating of "Moderate Buy" and an average target price of $169.17.

Generac 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.

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