CX Institutional Takes Position in Generac Holdings Inc. (NYSE:GNRC)

CX Institutional bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,457 shares of the technology company’s stock, valued at approximately $185,000.

Other large investors have also modified their holdings of the company. Hurley Capital LLC acquired a new position in shares of Generac in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in Generac in the 4th quarter valued at $31,000. Quadrant Capital Group LLC raised its position in Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 purchasing an additional 84 shares during the last quarter. Finally, Ostrum Asset Management purchased a new stake in Generac in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Robert W. Baird reduced their price target on shares of Generac from $171.00 to $127.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Stephens reiterated an “overweight” rating and issued a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Wells Fargo & Company reduced their price target on shares of Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Guggenheim upgraded shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. Finally, Canaccord Genuity Group reduced their price target on shares of Generac from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $169.17.

Generac Stock Performance

NYSE:GNRC opened at $124.68 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The stock has a market cap of $7.37 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70. The firm’s fifty day simple moving average is $119.65 and its 200-day simple moving average is $138.18.

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. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analysts’ expectations of $921.78 million. During the same period in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Company 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.