Rothschild Investment LLC Reduces Position in Generac Holdings Inc. $GNRC

Rothschild Investment LLC cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 44.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,885 shares of the technology company’s stock after selling 3,057 shares during the quarter. Rothschild Investment LLC’s holdings in Generac were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Generac in the third quarter worth about $26,000. Sentry Investment Management LLC lifted its holdings in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after buying an additional 67 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Generac in the second quarter worth about $25,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Generac in the third quarter worth about $46,000. Finally, Quarry LP lifted its holdings in shares of Generac by 66.3% in the third quarter. Quarry LP now owns 399 shares of the technology company’s stock worth $67,000 after buying an additional 159 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Stock Down 0.5%

GNRC stock opened at $278.17 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $230.20 and its 200 day moving average is $193.38. The stock has a market cap of $16.38 billion, a price-to-earnings ratio of 87.20, a price-to-earnings-growth ratio of 2.60 and a beta of 1.93. Generac Holdings Inc. has a 1-year low of $118.09 and a 1-year high of $287.09.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. Generac’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Sell-side analysts predict that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus set a $275.00 price target on shares of Generac in a report on Thursday, April 30th. Raymond James Financial set a $302.00 price target on shares of Generac in a report on Friday, May 22nd. Argus increased their price target on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Bank of America lowered their price target on shares of Generac from $260.00 to $248.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Finally, Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $276.88.

About Generac

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.