Soviero Asset Management LP Has $2.64 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

Soviero Asset Management LP lowered its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 63.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,000 shares of the technology company's stock after selling 30,000 shares during the period. Soviero Asset Management LP's holdings in Generac were worth $2,636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after acquiring an additional 72 shares during the last quarter. MetLife Investment Management LLC raised its position in Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after purchasing an additional 77 shares during the last quarter. Alaethes Wealth LLC raised its position in Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after purchasing an additional 78 shares during the last quarter. Allworth Financial LP raised its position in Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock worth $435,000 after purchasing an additional 80 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Generac by 42.0% in 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 last quarter. Institutional investors own 84.04% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. UBS Group boosted their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a research report on Thursday. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Canaccord Genuity Group dropped their price objective on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $167.20.

Generac Trading Up 0.9%

Shares of GNRC traded up $1.13 during trading hours on Thursday, reaching $124.00. The stock had a trading volume of 687,859 shares, compared to its average volume of 848,136. The company has a market cap of $7.33 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.44 and a beta of 1.73. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94. The firm has a 50-day moving average of $119.68 and a 200 day moving average of $145.57.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.