Northern Trust Corp Raises Holdings in Generac Holdings Inc. (NYSE:GNRC)

Northern Trust Corp increased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 561,791 shares of the technology company's stock after buying an additional 45,467 shares during the quarter. Northern Trust Corp owned 0.94% of Generac worth $87,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in GNRC. Nebula Research & Development LLC acquired a new stake in Generac in the fourth quarter valued at $3,638,000. Pinebridge Investments L.P. lifted its stake in shares of Generac by 28.1% in the fourth quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock worth $10,697,000 after acquiring an additional 15,147 shares during the period. Nordea Investment Management AB acquired a new stake in Generac during the 4th quarter valued at approximately $5,229,000. Global Financial Private Client LLC bought a new position in Generac during the 4th quarter worth approximately $614,000. Finally, Franklin Resources Inc. lifted its position in shares of Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock worth $4,998,000 after purchasing an additional 14,811 shares during the period. 84.04% of the stock is owned by institutional investors.

Generac Stock Performance

Shares of NYSE GNRC traded up $0.51 during midday trading on Friday, reaching $121.10. The company's stock had a trading volume of 561,834 shares, compared to its average volume of 848,629. The stock has a market capitalization of $7.22 billion, a P/E ratio of 22.43, a PEG ratio of 1.44 and a beta of 1.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a 50 day moving average price of $120.44 and a 200-day moving average price of $148.01. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million for 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 business's revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. As a group, equities analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price 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. TD Cowen decreased their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday. UBS Group lifted 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, Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and cut their target price for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.20.

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.