ProShare Advisors LLC lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,032 shares of the technology company's stock after buying an additional 2,658 shares during the quarter. ProShare Advisors LLC's holdings in Generac were worth $1,711,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Barclays PLC grew its position in shares of Generac by 41.4% in the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after acquiring an additional 54,202 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Generac by 18.9% in the 4th quarter. Merit Financial Group LLC now owns 2,192 shares of the technology company's stock worth $340,000 after acquiring an additional 349 shares in the last quarter. LaFleur & Godfrey LLC grew its position in shares of Generac by 7.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 66,500 shares of the technology company's stock worth $10,311,000 after acquiring an additional 4,350 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Generac by 323.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,960 shares of the technology company's stock worth $1,389,000 after acquiring an additional 6,843 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Generac by 8.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,173 shares of the technology company's stock worth $337,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on GNRC. Stifel Nicolaus reduced their price objective on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. UBS Group boosted their price objective on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and cut their price objective for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Finally, TD Cowen reduced their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $165.95.
Get Our Latest Stock Analysis on Generac
Generac Stock Up 1.8%
GNRC stock traded up $2.28 during mid-day trading on Tuesday, hitting $125.83. The stock had a trading volume of 128,641 shares, compared to its average volume of 842,753. 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 Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a fifty day moving average of $119.32 and a 200 day moving average of $144.16. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.44 and a beta of 1.73.
Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results 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. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same quarter in the prior year, the company posted $0.88 EPS. The firm's revenue was up 5.9% on a year-over-year basis. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
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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