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

Royal Bank of Canada lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 588,559 shares of the technology company's stock after selling 58,922 shares during the quarter. Royal Bank of Canada owned about 0.99% of Generac worth $91,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GNRC. Barclays PLC increased its position in Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company's stock worth $29,425,000 after acquiring an additional 54,202 shares during the period. Principal Financial Group Inc. increased its position in Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company's stock worth $11,324,000 after acquiring an additional 3,426 shares during the period. Assenagon Asset Management S.A. increased its position in Generac by 462.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 46,147 shares of the technology company's stock worth $7,155,000 after acquiring an additional 37,947 shares during the period. Merit Financial Group LLC raised 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 buying an additional 349 shares in the last quarter. Finally, Annex Advisory Services LLC raised its stake in shares of Generac by 26.1% in the 4th quarter. Annex Advisory Services LLC now owns 94,667 shares of the technology company's stock valued at $14,678,000 after buying an additional 19,565 shares in the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Price Performance

NYSE:GNRC traded down $0.24 during mid-day trading on Friday, reaching $123.63. 541,517 shares of the company were exchanged, compared to its average volume of 845,551. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a fifty day moving average of $119.52 and a 200 day moving average of $144.62. 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 stock has a market cap of $7.30 billion, a PE ratio of 22.89, a PEG ratio of 1.44 and a beta of 1.73.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GNRC. The Goldman Sachs Group dropped their price objective on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus dropped their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird dropped their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. UBS Group increased their price objective on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, TD Securities dropped their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $167.20.

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.