Rothschild Investment LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC – Free Report) by 44.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,885 shares of the technology company’s stock after selling 3,057 shares during the quarter. Rothschild Investment LLC’s holdings in Generac were worth $530,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Generac by 60.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,766 shares of the technology company’s stock worth $1,468,000 after acquiring an additional 4,071 shares in the last quarter. Moors & Cabot Inc. purchased a new position in shares of Generac in the 4th quarter worth about $211,000. Murphy & Mullick Capital Management Corp boosted its holdings in shares of Generac by 15.2% in the 4th quarter. Murphy & Mullick Capital Management Corp now owns 1,235 shares of the technology company’s stock worth $168,000 after buying an additional 163 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Generac by 33.9% in the 4th quarter. Huntington National Bank now owns 514 shares of the technology company’s stock worth $70,000 after buying an additional 130 shares during the last quarter. Finally, Unified Investment Management boosted its holdings in shares of Generac by 2.8% in the 4th quarter. Unified Investment Management now owns 7,958 shares of the technology company’s stock worth $1,085,000 after buying an additional 217 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on GNRC. TD Cowen boosted their price target on shares of Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $311.00 price target on shares of Generac in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Generac in a report on Tuesday, May 19th. UBS Group boosted their price target on shares of Generac from $270.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Stifel Nicolaus set a $275.00 price target on shares of Generac in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $276.88.
Generac Price Performance
NYSE GNRC opened at $278.17 on Friday. The company has a market cap of $16.38 billion, a PE ratio of 87.20, a price-to-earnings-growth ratio of 2.60 and a beta of 1.93. Generac Holdings Inc. has a 52 week low of $118.09 and a 52 week high of $287.09. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The firm’s 50-day simple moving average is $230.20 and its two-hundred day simple moving average is $193.38.
Generac (NYSE:GNRC – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.33 by $0.47. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Research analysts predict that Generac Holdings Inc. will post 8.91 earnings per share for the current year.
Generac 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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