Generac Holdings Inc. (NYSE:GNRC) Stock Holdings Raised by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 66.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 84,438 shares of the technology company’s stock after acquiring an additional 33,654 shares during the period. Lazard Asset Management LLC’s holdings in Generac were worth $13,090,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MetLife Investment Management LLC increased its position in shares of Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock worth $2,636,000 after purchasing an additional 77 shares during the last quarter. Alaethes Wealth LLC grew its position in shares of Generac by 0.7% during the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company’s stock valued at $1,817,000 after buying an additional 78 shares during the last quarter. Allworth Financial LP grew its position in shares of Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after buying an additional 80 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after buying an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in shares of Generac by 3.9% during the 4th quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company’s stock valued at $347,000 after buying an additional 84 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Up 1.5%

NYSE GNRC opened at $129.16 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company’s 50 day simple moving average is $120.39 and its 200 day simple moving average is $147.50. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94. The company has a market capitalization of $7.63 billion, a P/E ratio of 23.92, a PEG ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on shares of Generac from $171.00 to $127.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. UBS Group boosted their target price on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. TD Cowen reduced their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Truist Financial reduced their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Bank of America assumed coverage on shares of Generac in a research note on Monday, March 24th. They set a “buy” rating and a $182.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.