Waverly Advisors LLC Takes Position in Generac Holdings Inc. (NYSE:GNRC)

Waverly Advisors LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,928 shares of the technology company's stock, valued at approximately $454,000.

A number of other institutional investors have also recently modified their holdings of the stock. Hurley Capital LLC bought a new position in Generac in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac in the fourth quarter worth $31,000. Quadrant Capital Group LLC lifted its holdings in shares of Generac by 61.7% during the fourth 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 in the last quarter. Spire Wealth Management boosted its position in shares of Generac by 203.6% during the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after buying an additional 169 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings 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 buying an additional 84 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Price Performance

Shares of GNRC traded down $0.30 during midday trading on Thursday, hitting $124.25. 527,391 shares of the company traded hands, compared to its average volume of 841,752. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.44 and a beta of 1.73. The firm has a 50 day moving average of $119.03 and a 200-day moving average of $143.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

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

Analysts Set New Price Targets

GNRC has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. UBS Group lifted their target price 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. Bank of America began coverage on Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 price target on the stock. Finally, Stifel Nicolaus cut their price objective on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.95.

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.