Nuveen Asset Management LLC Lowers Holdings in Generac Holdings Inc. (NYSE:GNRC)

Nuveen Asset Management LLC lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GNRC. Norges Bank acquired a new position in shares of Generac during the fourth quarter valued at about $90,913,000. Boston Partners raised its holdings in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after purchasing an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of 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 purchasing an additional 469,575 shares during the period. Jennison Associates LLC increased its position in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after acquiring an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in shares of Generac during the fourth quarter worth about $49,313,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GNRC. Stifel Nicolaus decreased their target price 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. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Canaccord Genuity Group decreased their target price 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. TD Securities decreased their target price 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. Finally, UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $167.20.

Generac Stock Performance

GNRC traded down $0.24 on Friday, hitting $123.63. The company's stock had a trading volume of 541,517 shares, compared to its average volume of 845,551. The company's 50 day simple moving average is $119.52 and its 200-day simple moving average is $144.91. The firm has a market cap of $7.30 billion, a P/E ratio of 22.89, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. Generac's revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.88 EPS. Analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

About Generac

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.