Lazard Asset Management LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 66.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,438 shares of the technology company's stock after acquiring an additional 33,654 shares during the period. Lazard Asset Management LLC owned approximately 0.14% of Generac worth $13,090,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Generac by 0.7% during the 4th 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 position in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after acquiring an additional 533,612 shares during the period. Geode Capital Management LLC grew its position in shares of Generac by 1.0% during 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 acquiring an additional 14,844 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Generac by 81.9% during 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 acquiring an additional 469,575 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Generac by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock valued at $112,961,000 after acquiring an additional 16,954 shares during the period. 84.04% of the stock is owned by institutional investors.
Generac Price Performance
NYSE GNRC traded up $2.09 on Friday, hitting $129.55. The stock had a trading volume of 695,890 shares, compared to its average volume of 853,088. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. 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 company has a market capitalization of $7.65 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The firm has a 50-day moving average of $120.06 and a 200-day moving average of $146.73.
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, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company posted $0.88 EPS. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.
Wall Street Analyst Weigh In
GNRC has been the subject of a number of research reports. Stifel Nicolaus reduced their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. 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 note on Thursday, May 1st. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.20.
Read Our Latest Report on Generac
About Generac
(
Free Report)
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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