Mountain Pacific Investment Advisers LLC Sells 165 Shares of Generac Holdings Inc. (NYSE:GNRC)

Mountain Pacific Investment Advisers LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 14,698 shares of the technology company’s stock after selling 165 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Generac were worth $1,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. raised its position in shares of Generac by 23.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,418 shares of the technology company’s stock valued at $221,000 after purchasing an additional 271 shares during the period. New York State Teachers Retirement System raised its position in shares of Generac by 8.8% in the fourth quarter. New York State Teachers Retirement System now owns 55,982 shares of the technology company’s stock valued at $8,680,000 after purchasing an additional 4,550 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Generac in the fourth quarter valued at approximately $246,000. Allworth Financial LP raised its position in shares of Generac by 3.0% in the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after purchasing an additional 80 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Generac by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 73,691 shares of the technology company’s stock valued at $11,426,000 after purchasing an additional 2,419 shares during the period. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GNRC. Janney Montgomery Scott raised shares of Generac from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 7th. Wells Fargo & Company lowered their price objective on shares of Generac from $165.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Saturday, June 7th. Finally, Canaccord Genuity Group lowered their price objective on shares of Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $169.17.

Generac Stock Up 1.2%

GNRC opened at $126.23 on Tuesday. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. 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’s fifty day moving average price is $120.13 and its two-hundred day moving average price is $137.74. The company has a market capitalization of $7.46 billion, a P/E ratio of 23.38, a P/E/G ratio of 1.44 and a beta of 1.70.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Generac 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.