Generac Holdings Inc. (NYSE:GNRC) Holdings Raised by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,727 shares of the technology company's stock after acquiring an additional 4,184 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Generac were worth $4,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GNRC. Lido Advisors LLC raised its holdings in shares of Generac by 16.2% during the fourth quarter. Lido Advisors LLC now owns 3,667 shares of the technology company's stock worth $569,000 after purchasing an additional 512 shares during the period. Northern Trust Corp lifted its holdings in Generac by 8.8% in the fourth quarter. Northern Trust Corp now owns 561,791 shares of the technology company's stock worth $87,106,000 after acquiring an additional 45,467 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Generac by 27.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock valued at $110,544,000 after acquiring an additional 153,141 shares during the period. Oxford Asset Management LLP bought a new position in shares of Generac during the fourth quarter valued at approximately $234,000. Finally, Nitorum Capital L.P. raised its position in shares of Generac by 31.3% during the 4th quarter. Nitorum Capital L.P. now owns 199,689 shares of the technology company's stock worth $30,962,000 after purchasing an additional 47,589 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GNRC shares. Stifel Nicolaus reduced 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. Wells Fargo & Company dropped their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a report on Thursday. Piper Sandler reduced their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. TD Cowen decreased their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday. Finally, 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. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $167.20.

Generac Trading Up 1.8 %

GNRC traded up $2.05 during trading on Monday, reaching $116.61. The company had a trading volume of 754,547 shares, compared to its average volume of 848,736. The firm's 50-day simple moving average is $122.07 and its 200 day simple moving average is $149.47. 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 cap of $6.95 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.44 and a beta of 1.73. 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 results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Generac 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.