Generac Holdings Inc. $GNRC Stock Position Boosted by Meridian Management Co.

Meridian Management Co. raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,600 shares of the technology company’s stock after acquiring an additional 2,080 shares during the quarter. Meridian Management Co.’s holdings in Generac were worth $3,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Meridian Financial Partners LLC lifted its holdings in Generac by 0.6% in the 4th quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after acquiring an additional 61 shares during the last quarter. Sentry Investment Management LLC lifted its holdings in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Argent Trust Co lifted its holdings in Generac by 2.3% in the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock valued at $548,000 after acquiring an additional 73 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Generac by 2.7% in the 3rd quarter. NewEdge Advisors LLC now owns 2,749 shares of the technology company’s stock valued at $460,000 after acquiring an additional 73 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in Generac by 2.9% in the 3rd quarter. Vident Advisory LLC now owns 2,651 shares of the technology company’s stock valued at $444,000 after acquiring an additional 74 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

GNRC stock opened at $284.25 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. Generac Holdings Inc. has a one year low of $120.44 and a one year high of $294.18. The firm has a market capitalization of $16.73 billion, a PE ratio of 89.11, a P/E/G ratio of 2.52 and a beta of 1.93. The firm has a 50-day moving average of $231.57 and a two-hundred day moving average of $194.42.

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

Analyst Ratings Changes

A number of brokerages have weighed in on GNRC. JPMorgan Chase & Co. upped their price target on shares of Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Jefferies Financial Group raised shares of Generac from a “hold” rating to a “buy” rating and upped their price target for the company from $239.00 to $302.00 in a report on Friday, May 22nd. Zacks Research raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Barclays upped their price target on shares of Generac from $213.00 to $228.00 and gave the company an “equal weight” rating in a report on Friday, March 27th. Two 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $276.88.

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.