Public Employees Retirement System of Ohio Boosts Position in Generac Holdings Inc. (NYSE:GNRC)

Public Employees Retirement System of Ohio boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 49.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,461 shares of the technology company's stock after acquiring an additional 11,382 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Generac worth $5,343,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nebula Research & Development LLC acquired a new position in Generac during the 4th quarter worth approximately $3,638,000. Pinebridge Investments L.P. boosted its stake 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 worth $10,697,000 after acquiring an additional 15,147 shares during the period. Evercore Wealth Management LLC increased its holdings in shares of Generac by 4.3% in the fourth quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company's stock valued at $66,682,000 after purchasing an additional 17,711 shares during the last quarter. Barclays PLC grew its stake in shares of Generac by 41.4% in the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after acquiring an additional 54,202 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Generac by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock worth $86,516,000 after purchasing an additional 2,015 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 1.7%

Shares of NYSE:GNRC traded down $2.13 during trading hours on Friday, hitting $122.15. The company's stock had a trading volume of 697,081 shares, compared to its average volume of 839,308. The firm's fifty day moving average price is $118.48 and its 200 day moving average price is $142.94. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.44 and a beta of 1.73. 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 52 week low of $99.50 and a 52 week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS 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 quarter last year, the business earned $0.88 earnings per share. The firm's revenue was up 5.9% on a year-over-year basis. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

GNRC has been the subject of a number of research reports. Bank of America began coverage on Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. UBS Group lifted their price target on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird decreased their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Wells Fargo & Company lowered their target price 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 company. Based on data from MarketBeat.com, the stock currently has an average 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.