Neo Ivy Capital Management Invests $1.30 Million in Generac Holdings Inc. (NYSE:GNRC)

Neo Ivy Capital Management acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,400 shares of the technology company's stock, valued at approximately $1,302,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Burgundy Asset Management Ltd. boosted its stake in shares of Generac by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 440,389 shares of the technology company's stock valued at $68,282,000 after purchasing an additional 7,396 shares during the period. Harmony Asset Management LLC raised its holdings in Generac by 160.4% in the fourth quarter. Harmony Asset Management LLC now owns 11,225 shares of the technology company's stock valued at $1,740,000 after acquiring an additional 6,914 shares in the last quarter. McIlrath & Eck LLC raised its holdings in Generac by 160.3% in the fourth quarter. McIlrath & Eck LLC now owns 708 shares of the technology company's stock valued at $110,000 after acquiring an additional 436 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Generac by 15.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 281,417 shares of the technology company's stock valued at $43,634,000 after acquiring an additional 37,999 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new stake in Generac in the fourth quarter valued at approximately $454,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of research analyst reports. TD Cowen cut their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Robert W. Baird lowered their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Bank of America assumed coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 target price on the stock. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $165.95.

Generac Price Performance

Shares of NYSE GNRC traded up $2.52 during trading on Tuesday, hitting $126.07. 723,652 shares of the company were exchanged, compared to its average volume of 845,065. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The firm's fifty day moving average price is $119.17 and its 200 day moving average price is $144.03. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. The company had revenue of $942.12 million for 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 business's revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.