Gotham Asset Management LLC Purchases 16,154 Shares of Generac Holdings Inc. (NYSE:GNRC)

Gotham Asset Management LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,914 shares of the technology company's stock after buying an additional 16,154 shares during the period. Gotham Asset Management LLC owned about 0.16% of Generac worth $15,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of GNRC. MetLife Investment Management LLC increased its stake in shares of Generac by 0.5% in 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 during the last quarter. Alaethes Wealth LLC increased its stake in shares of Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after purchasing an additional 78 shares during the last quarter. Allworth Financial LP increased its stake in shares of Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after purchasing an additional 80 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after purchasing an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. increased its stake in shares of Generac by 3.9% in the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock valued at $347,000 after purchasing an additional 84 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Down 0.4%

Shares of GNRC stock traded down $0.55 on Wednesday, hitting $128.52. The company had a trading volume of 597,761 shares, compared to its average volume of 853,522. The firm has a market cap of $7.59 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.44 and a beta of 1.73. The stock's 50-day moving average is $120.18 and its two-hundred day moving average is $147.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $942.12 million during 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 quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. TD Cowen decreased their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. TD Securities decreased their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Piper Sandler decreased their price target on Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group cut their price objective on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $167.20.

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.