Tidal Investments LLC Acquires 5,517 Shares of Generac Holdings Inc. (NYSE:GNRC)

Tidal Investments LLC boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 164.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,877 shares of the technology company's stock after purchasing an additional 5,517 shares during the quarter. Tidal Investments LLC's holdings in Generac were worth $1,376,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Generac by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after buying an additional 72 shares in the last quarter. MetLife Investment Management LLC grew its stake in Generac by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after acquiring an additional 77 shares during the period. Alaethes Wealth LLC increased its holdings in shares of Generac by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after acquiring an additional 78 shares in the last quarter. Allworth Financial LP raised its position in shares of Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after purchasing an additional 80 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Stock Performance

GNRC stock traded down $1.66 during trading hours on Friday, reaching $122.62. The stock had a trading volume of 110,525 shares, compared to its average volume of 836,915. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The stock has a market capitalization of $7.24 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The stock has a 50-day simple moving average of $118.76 and a 200 day simple moving average of $143.41. 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 (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The company's revenue was up 5.9% on a year-over-year basis. Analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GNRC shares. Wall Street Zen cut Generac from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Piper Sandler dropped their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. TD Cowen reduced their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group reduced their price objective on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.95.

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.