MFA Wealth Advisors LLC Trims Stake in Generac Holdings Inc. (NYSE:GNRC)

MFA Wealth Advisors LLC lessened its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 44.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,993 shares of the technology company's stock after selling 11,918 shares during the quarter. MFA Wealth Advisors LLC's holdings in Generac were worth $1,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock worth $1,053,650,000 after purchasing an additional 47,450 shares during the period. Boston Partners increased its position in 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 in the last quarter. Geode Capital Management LLC increased its position in 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 in the last quarter. Arrowstreet Capital Limited Partnership raised 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Generac by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after acquiring an additional 16,954 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on GNRC. Stifel Nicolaus reduced their price target on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Piper Sandler reduced their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Citigroup upgraded shares of Generac from a "neutral" rating to a "buy" rating and cut their price target for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Finally, TD Securities decreased their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. 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, Generac has a consensus rating of "Moderate Buy" and an average target price of $169.17.

Generac Stock Down 1.8%

Generac stock opened at $124.05 on Wednesday. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The stock has a fifty day moving average of $120.32 and a 200 day moving average of $137.65. 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 stock has a market cap of $7.33 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.14 and a beta of 1.70.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $921.78 million. During the same period in the previous year, the company posted $0.88 EPS. The business's quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

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.

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