2,044 Shares in Generac Holdings Inc. (NYSE:GNRC) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,044 shares of the technology company’s stock, valued at approximately $259,000.

Several other large investors also recently added to or reduced their stakes in GNRC. Vanguard Group Inc. increased its position in Generac by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after purchasing an additional 47,450 shares during the period. Boston Partners lifted its stake in shares of Generac by 39.0% during 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 during the last quarter. Geode Capital Management LLC boosted its position in Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock valued at $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock valued at $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Finally, Brown Advisory Inc. raised its holdings in Generac by 9.0% in the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company’s stock worth $102,873,000 after purchasing an additional 67,180 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GNRC shares. Canaccord Genuity Group cut their price objective on shares of Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird reduced their price target on Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. TD Securities lowered their price objective on Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company reduced their target price on Generac from $165.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Finally, Janney Montgomery Scott raised Generac from a “neutral” rating to a “buy” rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.17.

Generac Trading Down 1.0%

Shares of NYSE:GNRC opened at $148.97 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The business has a 50 day moving average of $131.40 and a two-hundred day moving average of $134.21. The company has a market capitalization of $8.80 billion, a PE ratio of 25.95, a PEG ratio of 1.36 and a beta of 1.72.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to analysts’ expectations of $921.78 million. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. As a group, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.

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.