J. Goldman & Co LP Acquires 40,438 Shares of Generac Holdings Inc. (NYSE:GNRC)

J. Goldman & Co LP lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 43.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 134,120 shares of the technology company’s stock after acquiring an additional 40,438 shares during the quarter. J. Goldman & Co LP’s holdings in Generac were worth $20,795,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GNRC. Barclays PLC grew its stake in Generac by 41.4% during the third quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after purchasing an additional 54,202 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Generac in the 3rd quarter valued at $51,000. Franklin Resources Inc. lifted its position in shares of Generac by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock valued at $4,998,000 after acquiring an additional 14,811 shares during the period. Principal Financial Group Inc. grew its holdings in Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after purchasing an additional 3,426 shares during the period. Finally, Nordea Investment Management AB bought a new stake in Generac in the fourth quarter valued at $5,229,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.4 %

GNRC opened at $121.10 on Friday. The firm has a market capitalization of $7.22 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a fifty day moving average price of $120.44 and a 200-day moving average price of $147.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last issued its quarterly earnings data 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%. Generac’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

GNRC has been the subject of a number of research reports. Piper Sandler reduced their price objective on Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their price target on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Wells Fargo & Company reduced their price objective on shares of Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Finally, Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $162.00 to $138.00 in a report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.20.

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.