Mackenzie Financial Corp Sells 8,454 Shares of Generac Holdings Inc. (NYSE:GNRC)

Mackenzie Financial Corp reduced its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,667 shares of the technology company's stock after selling 8,454 shares during the period. Mackenzie Financial Corp owned 0.70% of Generac worth $64,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Hurley Capital LLC purchased a new position in Generac in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Generac in the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC lifted its holdings in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares in the last quarter. Spire Wealth Management lifted its holdings in Generac by 203.6% in the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after purchasing an additional 84 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GNRC shares. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. UBS Group lifted 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. Piper Sandler reduced their price objective on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird reduced their price objective on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Stephens reaffirmed an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $165.95.

Generac Trading Down 2.1%

Shares of NYSE GNRC traded down $2.61 during trading hours on Friday, hitting $121.67. 195,313 shares of the company traded hands, compared to its average volume of 837,328. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company's 50 day moving average price is $118.76 and its 200 day moving average price is $143.41. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. The company had revenue of $942.12 million for 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%. Generac's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.