Harmony Asset Management LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 160.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,225 shares of the technology company's stock after purchasing an additional 6,914 shares during the quarter. Harmony Asset Management LLC's holdings in Generac were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Hurley Capital LLC bought a new stake in Generac in the fourth quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in Generac in the 4th quarter valued at about $31,000. Quadrant Capital Group LLC increased its holdings in shares of Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares during the period. Spire Wealth Management increased its holdings in shares of Generac by 203.6% during the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after purchasing an additional 169 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after purchasing an additional 84 shares during the period. Institutional investors own 84.04% of the company's stock.
Generac Price Performance
Shares of NYSE GNRC traded up $3.10 during midday trading on Tuesday, hitting $126.65. The company had a trading volume of 234,261 shares, compared to its average volume of 843,195. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $119.32 and a two-hundred day simple moving average of $144.16. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73.
Generac (NYSE:GNRC - Get Free Report) last posted 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. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Janney Montgomery Scott raised shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Stephens restated an "overweight" rating and set a $175.00 price objective on shares of Generac in a research note on Tuesday. Robert W. Baird decreased their price target on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Piper Sandler decreased their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Wall Street Zen cut Generac from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $165.95.
Read Our Latest Research Report on GNRC
Generac Profile
(
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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