Rothschild Investment LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 515.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,270 shares of the technology company's stock after acquiring an additional 2,739 shares during the quarter. Rothschild Investment LLC's holdings in Generac were worth $414,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of GNRC. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 47,450 shares in the last quarter. Boston Partners grew its position in shares of Generac by 39.0% in 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 last quarter. Geode Capital Management LLC increased its stake in shares of Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership increased 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 purchasing an additional 469,575 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 worth $112,961,000 after purchasing an additional 16,954 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GNRC. Stephens reiterated an "overweight" rating and set a $175.00 target price on shares of Generac in a report on Tuesday, May 27th. Bank of America began coverage on Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective on the stock. The Goldman Sachs Group decreased their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Finally, TD Cowen reduced their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and an average price target of $168.37.
Check Out Our Latest Analysis on Generac
Generac Trading Up 5.7%
NYSE:GNRC traded up $6.92 during trading hours on Tuesday, reaching $127.56. 1,106,425 shares of the company were exchanged, compared to its average volume of 840,763. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.44 and a beta of 1.73. The stock has a 50 day simple moving average of $118.21 and a 200 day simple moving average of $141.87. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.
Generac (NYSE:GNRC - Get Free Report) last issued its earnings results 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. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same period last year, the company posted $0.88 EPS. The business's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.
Generac Company Profile
(
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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