Bessemer Group Inc. Reduces Stake in Generac Holdings Inc. (NYSE:GNRC)

Bessemer Group Inc. lowered its position in Generac Holdings Inc. (NYSE:GNRC) by 65.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,130 shares of the technology company’s stock after selling 13,380 shares during the period. Bessemer Group Inc.’s holdings in Generac were worth $903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Generac by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 6,795,550 shares of the technology company’s stock valued at $1,053,650,000 after buying an additional 47,450 shares during the last quarter. Boston Partners boosted its position in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after purchasing an additional 533,612 shares in the last quarter. Geode Capital Management LLC boosted its position in Generac by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after purchasing an additional 14,844 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Generac by 81.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after purchasing an additional 469,575 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Generac by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company’s stock worth $112,961,000 after purchasing an additional 16,954 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.8%

NYSE GNRC opened at $143.52 on Tuesday. The business has a fifty day moving average price of $124.63 and a 200 day moving average price of $134.69. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The company has a market cap of $8.48 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.28 and a beta of 1.70.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The firm had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same period in the prior year, the company earned $0.88 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. Research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several recent research reports. TD Cowen lowered their price objective on Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Canaccord Genuity Group lowered their price objective on Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Stifel Nicolaus lowered their price objective on Generac from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded Generac from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Finally, Bank of America initiated coverage on Generac in a research report on Monday, March 24th. They issued a “buy” rating and a $182.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $169.17.

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.