Generac Holdings Inc. $GNRC Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 165.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,773 shares of the technology company’s stock after buying an additional 11,078 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Generac were worth $2,424,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in GNRC. Massachusetts Financial Services Co. MA boosted its holdings in Generac by 127.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock worth $130,825,000 after buying an additional 536,732 shares in the last quarter. Robeco Schweiz AG bought a new stake in Generac during the fourth quarter worth approximately $51,020,000. Victory Capital Management Inc. boosted its holdings in Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after buying an additional 324,809 shares in the last quarter. Holocene Advisors LP boosted its holdings in Generac by 346.6% during the second quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock worth $51,072,000 after buying an additional 276,775 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in Generac during the second quarter worth approximately $38,079,000. 84.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on GNRC. Jefferies Financial Group raised shares of Generac from a “hold” rating to a “buy” rating and raised their price objective for the stock from $239.00 to $302.00 in a research note on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Generac in a research note on Tuesday, May 19th. Wells Fargo & Company raised their price objective on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Guggenheim reaffirmed a “neutral” rating and issued a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of Generac in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.88.

Generac Trading Up 1.7%

Shares of NYSE:GNRC opened at $274.86 on Wednesday. The firm has a fifty day moving average of $225.59 and a two-hundred day moving average of $191.02. The firm has a market capitalization of $16.18 billion, a P/E ratio of 86.16, a price-to-earnings-growth ratio of 2.53 and a beta of 1.93. Generac Holdings Inc. has a 12-month low of $118.09 and a 12-month high of $279.17. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.