Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Secure Asset Management LLC

Secure Asset Management LLC increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,680 shares of the technology company's stock after acquiring an additional 6,009 shares during the quarter. Secure Asset Management LLC's holdings in Generac were worth $2,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. Nebula Research & Development LLC acquired a new stake in Generac during the 4th quarter worth $3,638,000. Pinebridge Investments L.P. boosted its position in shares of Generac by 28.1% during the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after acquiring an additional 15,147 shares during the last quarter. Evercore Wealth Management LLC boosted its position in shares of Generac by 4.3% during the 4th quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company's stock valued at $66,682,000 after acquiring an additional 17,711 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Generac by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Scholtz & Company LLC acquired a new position in shares of Generac during the 4th quarter valued at about $1,836,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Down 1.0%

Shares of GNRC stock traded down $1.22 during trading hours on Thursday, reaching $126.18. 735,110 shares of the stock were exchanged, compared to its average volume of 840,948. The business's fifty day moving average is $118.15 and its two-hundred day moving average is $141.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The firm has a market capitalization of $7.46 billion, a P/E ratio of 23.37, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GNRC shares. UBS Group boosted their price target on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Stephens reissued an "overweight" rating and set a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $162.00 to $138.00 in a report on Thursday, April 17th. TD Cowen reduced their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and a consensus price target of $168.37.

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.