Nuveen Asset Management LLC Sells 14,942 Shares of Generac Holdings Inc. (NYSE:GNRC)

Nuveen Asset Management LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 184,000 shares of the technology company's stock after selling 14,942 shares during the period. Nuveen Asset Management LLC owned approximately 0.31% of Generac worth $28,529,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in GNRC. Hurley Capital LLC purchased a new stake in shares of Generac in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Generac in the 4th quarter valued at $31,000. Quadrant Capital Group LLC boosted its stake in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Generac by 203.6% in the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted 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 in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Trading Up 2.0%

NYSE GNRC traded up $2.52 during trading on Tuesday, hitting $126.07. The company had a trading volume of 723,652 shares, compared to its average volume of 845,065. 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. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company's fifty day moving average is $119.17 and its 200-day moving average is $144.03.

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 the consensus estimate of $0.99 by $0.27. The company had revenue of $942.12 million during 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%. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.88 EPS. On average, sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research reports. Stifel Nicolaus cut their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group cut their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Piper Sandler dropped their price target 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. Finally, TD Cowen dropped their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average price target of $165.95.

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.