Man Group plc Sells 182,245 Shares of Generac Holdings Inc. (NYSE:GNRC)

Man Group plc lowered its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 85.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,250 shares of the technology company's stock after selling 182,245 shares during the quarter. Man Group plc owned about 0.05% of Generac worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in GNRC. Norges Bank acquired a new stake in Generac in the fourth quarter worth approximately $90,913,000. Boston Partners lifted its holdings in shares of Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after buying an additional 469,575 shares in the last quarter. Jennison Associates LLC grew its holdings in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after acquiring an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP bought a new stake in Generac in the fourth quarter worth about $49,313,000. Institutional investors own 84.04% of the company's stock.

Generac Stock Down 0.2%

GNRC traded down $0.24 during midday trading on Monday, hitting $123.63. 541,517 shares of the company's stock traded hands, compared to its average volume of 845,551. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market cap of $7.30 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The stock's fifty day simple moving average is $119.52 and its 200-day simple moving average is $144.62. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (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%. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.88 EPS. As a group, equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on GNRC. Robert W. Baird dropped their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. UBS Group lifted their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Canaccord Genuity Group decreased their price target on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Guggenheim raised Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Finally, Wall Street Zen lowered shares of Generac from a "buy" rating to a "hold" rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.20.

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.