Vanguard Group Inc. Has $1.11 Billion Position in Generac Holdings Inc. $GNRC

Vanguard Group Inc. cut its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,631,180 shares of the technology company’s stock after selling 148,943 shares during the period. Vanguard Group Inc. owned 0.11% of Generac worth $1,110,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GNRC. New York Life Investment Management LLC grew its holdings in Generac by 0.7% during the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock worth $1,135,000 after purchasing an additional 58 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Generac by 21.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock valued at $55,000 after buying an additional 59 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares during the period. Beacon Investment Advisors LLC increased its holdings in shares of Generac by 0.3% during the 2nd quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock worth $3,735,000 after acquiring an additional 70 shares during the last quarter. Finally, ORG Partners LLC raised its stake in Generac by 24.7% in the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock valued at $62,000 after acquiring an additional 73 shares during the period. 84.04% of the stock is owned by institutional investors.

Generac Stock Up 0.8%

NYSE GNRC opened at $229.20 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 85.52, a PEG ratio of 1.68 and a beta of 1.85. The company has a 50 day moving average of $167.96 and a 200-day moving average of $171.90. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $236.00.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a return on equity of 14.55% and a net margin of 3.79%.The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.80 EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Generac in a research report on Friday, February 13th. Barclays lifted their target price on shares of Generac from $186.00 to $213.00 and gave the stock an “equal weight” rating in a report on Thursday, February 12th. Guggenheim reissued a “neutral” rating and issued a $202.00 price target on shares of Generac in a report on Tuesday, February 10th. TD Cowen raised their price objective on shares of Generac from $220.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Citigroup raised Generac from a “neutral” rating to a “buy” rating and set a $207.00 target price on the stock in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $220.19.

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.