Scott & Selber Inc. Purchases New Holdings in Generac Holdings Inc. (NYSE:GNRC)

Scott & Selber Inc. purchased a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,733 shares of the technology company's stock, valued at approximately $1,359,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hurley Capital LLC bought a new position in Generac in the fourth quarter worth about $26,000. Quadrant Capital Group LLC boosted its position in Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the period. Ostrum Asset Management acquired a new position in Generac during the 4th quarter valued at approximately $50,000. Wintrust Investments LLC lifted its stake in Generac by 55.1% in the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock valued at $66,000 after buying an additional 152 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Generac during the fourth quarter valued at approximately $70,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Performance

Shares of GNRC stock opened at $142.30 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The stock's 50-day moving average is $123.28 and its two-hundred day moving average is $135.57. The firm has a market cap of $8.41 billion, a P/E ratio of 24.79, a PEG ratio of 1.26 and a beta of 1.70.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The company 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 business posted $0.88 EPS. Generac's quarterly revenue was up 5.9% on a year-over-year basis. Analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on GNRC. Wells Fargo & Company dropped their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Citigroup raised Generac from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Robert W. Baird dropped their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $169.17.

Generac 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.

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