Quantinno Capital Management LP increased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 620.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,042 shares of the technology company's stock after buying an additional 13,816 shares during the quarter. Quantinno Capital Management LP's holdings in Generac were worth $2,487,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Generac by 41.4% in the 3rd 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. Merit Financial Group LLC grew its stake in shares of Generac by 18.9% in the 4th quarter. Merit Financial Group LLC now owns 2,192 shares of the technology company's stock valued at $340,000 after purchasing an additional 349 shares during the last quarter. LaFleur & Godfrey LLC grew its stake in shares of Generac by 7.0% in the 4th quarter. LaFleur & Godfrey LLC now owns 66,500 shares of the technology company's stock valued at $10,311,000 after purchasing an additional 4,350 shares during the last quarter. Atwood & Palmer Inc. grew its stake in shares of Generac by 0.6% in the 4th quarter. Atwood & Palmer Inc. now owns 148,557 shares of the technology company's stock valued at $23,034,000 after purchasing an additional 884 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Generac by 323.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,960 shares of the technology company's stock valued at $1,389,000 after purchasing an additional 6,843 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.
Generac Price Performance
GNRC traded down $0.24 during trading on Friday, reaching $123.63. 541,517 shares of the stock were exchanged, compared to its average volume of 845,661. The business's 50 day moving average price is $119.52 and its two-hundred day moving average price is $145.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 22.89, a P/E/G 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.
Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on GNRC shares. Robert W. Baird lowered their target price on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Piper Sandler lowered their target price on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Stifel Nicolaus decreased their price target on Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company decreased their price target on Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $167.20.
Read Our Latest Stock Report on Generac
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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