NBC Securities Inc. grew its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 44,041.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,504 shares of the technology company's stock after purchasing an additional 7,487 shares during the quarter. NBC Securities Inc.'s holdings in Generac were worth $950,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Generac by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after purchasing an additional 72 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after purchasing an additional 77 shares during the period. Alaethes Wealth LLC lifted its stake in shares of Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after purchasing an additional 78 shares during the period. Allworth Financial LP lifted its stake in shares of Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after purchasing an additional 80 shares during the period. Finally, Venturi Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on GNRC. Robert W. Baird lowered their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Piper Sandler lowered their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. UBS Group upped their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group lowered their price objective on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research 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 stock. According to MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $168.37.
Check Out Our Latest Stock Analysis on GNRC
Generac Stock Down 1.0%
Shares of NYSE GNRC traded down $1.22 during mid-day trading on Thursday, hitting $126.18. The company had a trading volume of 735,110 shares, compared to its average volume of 840,520. The company has a market capitalization of $7.46 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The firm has a 50-day simple moving average of $118.15 and a two-hundred day simple moving average of $141.67. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. 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 announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. The company had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. Generac's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.
About Generac
(
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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