Rhumbline Advisers Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Rhumbline Advisers increased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,348 shares of the technology company's stock after acquiring an additional 18,218 shares during the period. Rhumbline Advisers owned about 0.20% of Generac worth $15,242,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company's stock valued at $1,053,650,000 after purchasing an additional 47,450 shares during the period. Boston Partners grew its position in 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 buying an additional 533,612 shares during the period. Geode Capital Management LLC increased its holdings in Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after buying an additional 14,844 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Generac by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after acquiring an additional 16,954 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GNRC. The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus cut their price objective on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a report on Saturday. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, UBS Group raised their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $168.37.

Generac Price Performance

GNRC stock traded up $1.62 during trading on Friday, hitting $127.95. 902,838 shares of the company's stock traded hands, compared to its average volume of 843,866. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 1.44 and a beta of 1.70. The business has a fifty day simple moving average of $118.17 and a 200 day simple moving average of $140.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC - Get Free Report) last released its 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 firm 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%. The business's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business earned $0.88 EPS. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS 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.