Royal Bank of Canada Sells 58,922 Shares of Generac Holdings Inc. (NYSE:GNRC)

Royal Bank of Canada cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,559 shares of the technology company's stock after selling 58,922 shares during the period. Royal Bank of Canada owned about 0.99% of Generac worth $91,257,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hurley Capital LLC bought a new position in Generac during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Generac during the 4th quarter worth $31,000. Quadrant Capital Group LLC raised its stake in shares of Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after purchasing an additional 87 shares during the period. Spire Wealth Management raised its stake in shares of Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after purchasing an additional 169 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after purchasing an additional 84 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Down 0.3%

GNRC stock opened at $129.01 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.62 billion, a PE ratio of 23.89, a PEG ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The stock has a 50-day simple moving average of $120.01 and a two-hundred day simple moving average of $146.19.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GNRC. TD Securities lowered their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Wells Fargo & Company lowered their target price 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. Canaccord Genuity Group lowered their target price on Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $167.20.

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.

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