UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $43.63 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 281,417 shares of the technology company's stock after purchasing an additional 37,999 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.47% of Generac worth $43,634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Vanguard Group Inc. increased its stake in Generac by 0.7% during the fourth 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 during the period. Boston Partners grew its stake in shares of Generac by 39.0% in the 4th 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 period. Geode Capital Management LLC grew its stake in shares of Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock valued at $223,293,000 after purchasing an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after purchasing an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Generac by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after purchasing an additional 16,954 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GNRC shares. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. TD Securities reduced their price objective on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stephens reiterated an "overweight" rating and set a $175.00 target price on shares of Generac in a research report on Tuesday. Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Bank of America began coverage on shares of Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $165.95.

Generac Stock Performance

NYSE:GNRC traded down $1.99 during mid-day trading on Friday, hitting $122.29. The stock had a trading volume of 144,255 shares, compared to its average volume of 837,067. The company's 50 day simple moving average is $118.76 and its 200 day simple moving average is $143.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 22.68, 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.

Generac (NYSE:GNRC - Get Free Report) last announced its 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 7.36% and a return on equity of 18.17%. The company had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same period last year, the firm earned $0.88 earnings per share. The business's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

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.