Needham Investment Management LLC Sells 4,000 Shares of Generac Holdings Inc. (NYSE:GNRC)

Needham Investment Management LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 26.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the technology company's stock after selling 4,000 shares during the quarter. Needham Investment Management LLC's holdings in Generac were worth $1,706,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GNRC. Norges Bank acquired a new position in Generac during the fourth quarter worth about $90,913,000. Boston Partners raised its stake in Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Generac by 81.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock worth $161,684,000 after acquiring an additional 469,575 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock worth $104,227,000 after purchasing an additional 384,434 shares during the last quarter. Finally, Forest Avenue Capital Management LP bought a new stake in shares of Generac during the fourth quarter worth about $49,313,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Up 1.6%

NYSE GNRC traded up $2.09 on Friday, reaching $129.55. The company had a trading volume of 695,890 shares, compared to its average volume of 853,088. The stock has a market capitalization of $7.65 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.44 and a beta of 1.73. The company's fifty day moving average is $120.06 and its 200 day moving average is $146.73. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. 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 (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (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 analyst estimates of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business's revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GNRC shares. The Goldman Sachs Group reduced their price target on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and reduced their target price for the company from $162.00 to $138.00 in a report on Thursday, April 17th. TD Securities reduced 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. Finally, Wells Fargo & Company reduced their target price on Generac from $165.00 to $128.00 and set an "equal weight" 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $167.20.

About Generac

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.