Generac Holdings Inc. (NYSE:GNRC) Stock Position Cut by RB Capital Management LLC

RB Capital Management LLC lessened its stake in Generac Holdings Inc. (NYSE:GNRC) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,852 shares of the technology company’s stock after selling 125 shares during the period. RB Capital Management LLC’s holdings in Generac were worth $1,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Generac by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company’s stock valued at $1,001,000 after acquiring an additional 72 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock valued at $2,636,000 after acquiring an additional 77 shares during the last quarter. Alaethes Wealth LLC lifted its holdings in Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company’s stock valued at $1,817,000 after acquiring an additional 78 shares during the last quarter. Allworth Financial LP lifted its holdings in Generac by 3.0% in the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after acquiring an additional 80 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after acquiring an additional 84 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GNRC shares. Robert W. Baird cut their price target on shares of Generac from $171.00 to $127.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th. TD Securities decreased their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 1st. TD Cowen decreased their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their target price 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. 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 MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.20.

Generac Price Performance

NYSE GNRC opened at $122.93 on Thursday. The company has a 50 day simple moving average of $119.86 and a 200-day simple moving average of $145.90. 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 firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data 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 return on equity of 18.17% and a net margin of 7.36%. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. Equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.