Mercer Global Advisors Inc. ADV Cuts Holdings in Generac Holdings Inc. (NYSE:GNRC)

Mercer Global Advisors Inc. ADV decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,518 shares of the technology company's stock after selling 5,983 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Generac were worth $390,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. MetLife Investment Management LLC raised its holdings in shares of Generac by 0.5% during the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after purchasing an additional 77 shares in the last quarter. Allworth Financial LP boosted its position in shares of Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after acquiring an additional 80 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of Generac by 3.9% during the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock worth $347,000 after purchasing an additional 84 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position 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 purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Shares of NYSE:GNRC traded down $1.05 during midday trading on Monday, hitting $128.39. The company had a trading volume of 291,024 shares, compared to its average volume of 851,432. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 23.78, 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 company has a fifty day moving average of $120.06 and a two-hundred day moving average of $146.47. 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 released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating 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 business had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business's revenue was up 5.9% on a year-over-year basis. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group cut their target price 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. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. TD Securities cut their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Bank of America assumed coverage on Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 price target for the company. Finally, UBS Group raised their target price on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.20.

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.