Sherbrooke Park Advisers LLC Invests $746,000 in Generac Holdings Inc. (NYSE:GNRC)

Sherbrooke Park Advisers LLC bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,810 shares of the technology company's stock, valued at approximately $746,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Generac in the 4th quarter worth $90,913,000. Boston Partners increased its holdings in shares of Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock worth $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after acquiring an additional 469,575 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after acquiring an additional 384,434 shares during the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in Generac in the fourth quarter worth approximately $49,313,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Robert W. Baird dropped their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Canaccord Genuity Group dropped their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company reduced their price target on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Finally, Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.20.

Generac Price Performance

NYSE:GNRC traded up $0.39 during trading hours on Thursday, reaching $123.26. The stock had a trading volume of 311,959 shares, compared to its average volume of 846,275. 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 52 week low of $99.50 and a 52 week high of $195.94. The company has a 50 day moving average price of $119.86 and a two-hundred day moving average price of $145.90. The stock has a market capitalization of $7.28 billion, a PE ratio of 22.76, a PEG ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. The company 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 firm's revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Company 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.