Navellier & Associates Inc. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,333 shares of the technology company’s stock after acquiring an additional 1,122 shares during the quarter. Generac accounts for 1.5% of Navellier & Associates Inc.’s portfolio, making the stock its 9th biggest holding. Navellier & Associates Inc.’s holdings in Generac were worth $10,323,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in Generac during the 4th quarter valued at $328,743,000. Champlain Investment Partners LLC raised its position in shares of Generac by 19.6% in the 4th quarter. Champlain Investment Partners LLC now owns 965,680 shares of the technology company’s stock worth $339,842,000 after acquiring an additional 158,591 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of Generac by 1,075.2% in the 4th quarter. Eagle Asset Management Inc. now owns 159,467 shares of the technology company’s stock worth $56,285,000 after acquiring an additional 145,898 shares in the last quarter. David J Yvars Group raised its position in shares of Generac by 707.7% in the 4th quarter. David J Yvars Group now owns 137,563 shares of the technology company’s stock worth $6,470,000 after acquiring an additional 120,531 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Generac by 21.1% in the 4th quarter. Baird Financial Group Inc. now owns 484,385 shares of the technology company’s stock worth $170,465,000 after acquiring an additional 84,518 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.
Several research analysts recently issued reports on the company. Guggenheim upped their target price on Generac from $533.00 to $561.00 in a research report on Friday, May 6th. Zacks Investment Research upgraded Generac from a “sell” rating to a “hold” rating and set a $318.00 price target on the stock in a research note on Friday, February 18th. Robert W. Baird dropped their price target on Generac from $369.00 to $298.00 in a research note on Thursday, May 5th. Citigroup upped their target price on Generac from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, February 17th. Finally, StockNews.com assumed coverage on Generac in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $440.36.
Shares of NYSE:GNRC traded up $10.14 during midday trading on Thursday, hitting $241.36. The company had a trading volume of 38,812 shares, compared to its average volume of 940,422. Generac Holdings Inc. has a twelve month low of $197.94 and a twelve month high of $524.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.70 and a quick ratio of 0.71. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.15. The business’s 50-day simple moving average is $262.23 and its 200-day simple moving average is $311.23.
Generac (NYSE:GNRC – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The technology company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.17. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. Generac had a return on equity of 30.22% and a net margin of 12.68%. The firm’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.38 earnings per share. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 11.66 EPS for the current year.
Generac Company Profile (Get Rating)
Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components.
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