J. Goldman & Co LP Has $20.80 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

J. Goldman & Co LP raised its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 43.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 134,120 shares of the technology company's stock after buying an additional 40,438 shares during the quarter. J. Goldman & Co LP owned 0.23% of Generac worth $20,795,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC bought a new stake in Generac in the 4th quarter valued at $3,638,000. Pinebridge Investments L.P. increased its holdings in Generac by 28.1% in the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after buying an additional 15,147 shares during the period. Nordea Investment Management AB bought a new stake in Generac in the 4th quarter valued at $5,229,000. Global Financial Private Client LLC bought a new stake in Generac in the 4th quarter valued at $614,000. Finally, Franklin Resources Inc. increased its holdings in Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company's stock valued at $4,998,000 after buying an additional 14,811 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

NYSE:GNRC traded down $0.28 during mid-day trading on Wednesday, reaching $128.79. 64,855 shares of the company were exchanged, compared to its average volume of 851,581. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a fifty day moving average of $120.39 and a 200 day moving average of $147.50. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $7.61 billion, a PE ratio of 23.84, a PEG ratio of 1.44 and a beta of 1.73.

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, 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 company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the prior year, the company posted $0.88 EPS. The company's revenue was up 5.9% compared to the same quarter last year. On average, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Securities lowered their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Truist Financial lowered their target price on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. Piper Sandler lowered their target price on shares of Generac from $175.00 to $155.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Finally, Stifel Nicolaus lowered their target price on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently 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.