LRT Capital Management LLC Has $2.04 Million Stake in Generac Holdings Inc. (NYSE:GNRC)

LRT Capital Management LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 160.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,131 shares of the technology company's stock after purchasing an additional 8,085 shares during the quarter. Generac accounts for 1.6% of LRT Capital Management LLC's investment portfolio, making the stock its 20th biggest holding. LRT Capital Management LLC's holdings in Generac were worth $2,036,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GNRC. Hurley Capital LLC acquired a new position in Generac in the 4th quarter valued at approximately $26,000. Cranbrook Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter valued at $28,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac during the 4th quarter valued at $31,000. Quadrant Capital Group LLC increased its stake in shares of Generac by 61.7% in the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after acquiring an additional 87 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in shares of Generac by 203.6% during the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC stock traded down $0.55 during trading hours on Wednesday, reaching $128.52. 597,761 shares of the company's stock were exchanged, compared to its average volume of 853,522. The business has a fifty day moving average price of $120.18 and a 200-day moving average price of $147.24. The stock has a market capitalization 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 company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. Analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Securities lowered their target price 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 lowered their price target on Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company cut their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Finally, Truist Financial cut their price target 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. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to 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.