Ameriprise Financial Inc. lessened its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 24.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 537,974 shares of the technology company's stock after selling 172,441 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.90% of Generac worth $83,412,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GNRC. Hurley Capital LLC purchased a new position in Generac in the fourth quarter valued at $26,000. Cranbrook Wealth Management LLC purchased a new position in shares of Generac in the 4th quarter valued at about $28,000. Bank of Jackson Hole Trust acquired a new position in shares of Generac during the fourth quarter worth about $31,000. Quadrant Capital Group LLC increased its stake 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 worth $35,000 after buying an additional 87 shares during the period. Finally, Spire Wealth Management raised its holdings in Generac by 203.6% in the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.
Generac Stock Performance
Shares of Generac stock traded up $0.51 on Friday, reaching $121.10. 561,834 shares of the stock were exchanged, compared to its average volume of 850,091. The firm has a market capitalization of $7.22 billion, a PE ratio of 22.43, a PEG ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The business has a fifty day moving average price of $120.44 and a two-hundred day moving average price of $147.88. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.
Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million for the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Stifel Nicolaus lowered their price objective on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Truist Financial cut their target price on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, January 16th. Finally, Citigroup raised Generac from a "neutral" rating to a "buy" rating and lowered their price target for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $167.20.
Read Our Latest Research Report on GNRC
Generac Profile
(
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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