NorthRock Partners LLC Invests $345,000 in Generac Holdings Inc. (NYSE:GNRC)

NorthRock Partners LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,223 shares of the technology company's stock, valued at approximately $345,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock valued at $29,425,000 after purchasing an additional 54,202 shares during the last quarter. Principal Financial Group Inc. increased its position in Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock valued at $11,324,000 after buying an additional 3,426 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Generac by 462.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 46,147 shares of the technology company's stock worth $7,155,000 after acquiring an additional 37,947 shares in the last quarter. Carnegie Investment Counsel boosted its holdings in Generac by 11.2% in the fourth quarter. Carnegie Investment Counsel now owns 28,080 shares of the technology company's stock worth $4,354,000 after acquiring an additional 2,834 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in shares of Generac by 18.9% in the fourth quarter. Merit Financial Group LLC now owns 2,192 shares of the technology company's stock worth $340,000 after acquiring an additional 349 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several analyst reports. Bank of America started coverage on shares of Generac in a research report on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. TD Cowen lowered their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus decreased their target price on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and dropped their price target for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Finally, UBS Group raised their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Price Performance

Shares of GNRC stock traded down $4.33 on Wednesday, reaching $122.93. The company's stock had a trading volume of 597,384 shares, compared to its average volume of 849,247. The company has a market capitalization of $7.26 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The stock's fifty day simple moving average is $120.01 and its 200-day simple moving average is $146.06. 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 1 year low of $99.50 and a 1 year high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share 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 analysts' expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Analysts forecast 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.