Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Harbor Investment Advisory LLC

Harbor Investment Advisory LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9,914.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,704 shares of the technology company's stock after acquiring an additional 2,677 shares during the quarter. Harbor Investment Advisory LLC's holdings in Generac were worth $342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hurley Capital LLC acquired a new position in Generac during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Generac in the 4th quarter valued at about $31,000. Quadrant Capital Group LLC increased its stake in Generac by 61.7% during 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 raised its stake in shares of Generac by 203.6% in the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after purchasing an additional 169 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Trading Down 1.0%

Shares of GNRC traded down $1.22 during mid-day trading on Thursday, reaching $126.18. The company had a trading volume of 735,110 shares, compared to its average volume of 840,520. 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 stock has a market cap of $7.46 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The firm has a fifty day simple moving average of $118.15 and a 200-day simple moving average of $141.67. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of recent analyst reports. Citigroup raised 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 research report on Thursday, April 17th. Robert W. Baird reduced their target price on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus reduced their target price on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. 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. Finally, Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.