Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 72.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,363 shares of the technology company’s stock after selling 127,377 shares during the period. Marshall Wace LLP owned approximately 0.08% of Generac worth $6,262,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new stake in shares of Generac in the fourth quarter valued at $27,000. EntryPoint Capital LLC lifted its holdings in Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Quarry LP grew its stake in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Generac in the 2nd quarter worth approximately $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GNRC. Stifel Nicolaus restated a “buy” rating and set a $175.00 target price (up from $145.00) on shares of Generac in a report on Thursday, August 1st. Scotiabank lifted their target price on Generac from $147.00 to $160.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their price target on Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. TD Cowen boosted their price objective on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird upped their price objective on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $154.71.

Generac Stock Up 2.6 %

GNRC opened at $158.83 on Tuesday. The firm has a market cap of $9.63 billion, a P/E ratio of 43.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The business has a 50 day moving average price of $148.58 and a 200 day moving average price of $141.15. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $169.57.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $1.08 earnings per share. Generac’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts forecast that Generac Holdings Inc. will post 6.5 EPS for the current 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.