Matrix Asset Advisors Inc. NY Acquires New Shares in Generac Holdings Inc. (NYSE:GNRC)

Matrix Asset Advisors Inc. NY acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,390 shares of the technology company's stock, valued at approximately $2,962,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GNRC. Vanguard Group Inc. lifted its holdings in shares of Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after buying an additional 47,450 shares during the period. Boston Partners lifted its holdings in shares of Generac by 39.0% during the 4th 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. Geode Capital Management LLC lifted its holdings in shares of Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after buying an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Generac by 81.9% during the 4th 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 during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Generac by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after buying an additional 16,954 shares during the period. 84.04% of the stock is owned by institutional investors.

Generac Trading Up 1.6%

Shares of GNRC stock opened at $127.54 on Friday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The firm has a market capitalization of $7.54 billion, a PE ratio of 22.22, a PEG ratio of 1.15 and a beta of 1.70. The stock has a fifty day simple moving average of $121.22 and a two-hundred day simple moving average of $136.41.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the prior year, the business posted $0.88 EPS. Generac's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several research analyst reports. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Canaccord Genuity Group decreased their target price on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Bank of America started coverage on Generac in a report on Monday, March 24th. They issued a "buy" rating and a $182.00 target price on the stock. Stifel Nicolaus decreased 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. Finally, TD Cowen decreased their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Generac Company 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.

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