IPG Investment Advisors LLC reduced its holdings in Generac Holdings Inc. (NYSE:GNRC – Free Report) by 44.4% in the 4th quarter, Holdings Channel reports. The fund owned 16,666 shares of the technology company’s stock after selling 13,315 shares during the quarter. IPG Investment Advisors LLC’s holdings in Generac were worth $2,273,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac in the third quarter worth about $26,000. Sentry Investment Management LLC boosted its position in shares of Generac by 69.8% during the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of Generac during the second quarter worth about $25,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Generac during the third quarter worth about $46,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Generac during the third quarter worth about $55,000. 84.04% of the stock is currently owned by institutional investors.
Generac Stock Performance
Shares of NYSE GNRC opened at $280.66 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03. The stock has a 50 day moving average price of $227.16 and a 200 day moving average price of $191.91. The stock has a market capitalization of $16.52 billion, a PE ratio of 87.98, a price-to-earnings-growth ratio of 2.57 and a beta of 1.93. Generac Holdings Inc. has a 52 week low of $118.09 and a 52 week high of $280.85.
Analyst Ratings Changes
GNRC has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Robert W. Baird set a $311.00 price objective on Generac in a research report on Thursday, April 30th. Wall Street Zen raised Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Canaccord Genuity Group upped their price objective on Generac from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. upped their price objective on Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $276.88.
Get Our Latest Analysis on Generac
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.
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