GSA Capital Partners LLP Invests $651,000 in Generac Holdings Inc. $GNRC

GSA Capital Partners LLP purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,887 shares of the technology company’s stock, valued at approximately $651,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in Generac during the 2nd quarter valued at about $25,000. First Horizon Corp acquired a new position in Generac in the third quarter valued at approximately $28,000. Sentry Investment Management LLC boosted its stake in Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Quent Capital LLC acquired a new stake in Generac during the 3rd quarter worth $41,000. Finally, Red Tortoise LLC bought a new stake in shares of Generac during the 3rd quarter valued at $42,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

Shares of GNRC opened at $229.20 on Monday. The stock has a 50 day simple moving average of $167.96 and a 200 day simple moving average of $171.75. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $236.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.03. The firm has a market capitalization of $13.45 billion, a PE ratio of 85.52, a P/E/G ratio of 1.68 and a beta of 1.85.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $2.80 EPS. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

GNRC has been the topic of several recent research reports. Robert W. Baird set a $292.00 price target on Generac in a research report on Thursday, February 12th. Needham & Company LLC began coverage on Generac in a report on Monday, January 12th. They set a “buy” rating and a $211.00 target price on the stock. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a research report on Monday, December 8th. Barclays increased their price target on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.