7,017 Shares in Generac Holdings Inc. $GNRC Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,017 shares of the technology company’s stock, valued at approximately $1,175,000.

A number of other institutional investors have also recently bought and sold shares of the business. First Horizon Corp acquired a new position in shares of Generac in the 3rd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in Generac in the second quarter valued at about $25,000. Quent Capital LLC acquired a new position in Generac in the third quarter valued at about $41,000. Red Tortoise LLC acquired a new position in Generac in the third quarter valued at about $42,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in Generac during the third quarter worth about $42,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on GNRC shares. Canaccord Genuity Group lowered their price target on Generac from $240.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Barclays lowered their target price on shares of Generac from $197.00 to $186.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Robert W. Baird upgraded shares of Generac from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $215.00 to $199.00 in a report on Friday, January 9th. Guggenheim decreased their price target on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, Zacks Research downgraded Generac from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.29.

Generac Stock Up 1.8%

Shares of GNRC stock opened at $171.01 on Tuesday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $154.67 and a 200-day moving average of $168.30. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 1.35 and a beta of 1.85.

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.