Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Meridian Financial Partners LLC

Meridian Financial Partners LLC boosted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,703 shares of the technology company’s stock after acquiring an additional 100 shares during the quarter. Meridian Financial Partners LLC’s holdings in Generac were worth $1,229,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in Generac in the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in shares of Generac in the 4th quarter valued at $31,000. Quadrant Capital Group LLC grew its holdings in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock worth $35,000 after purchasing an additional 87 shares during the last quarter. Spire Wealth Management grew its holdings in Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company’s stock worth $39,000 after acquiring an additional 169 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after acquiring an additional 84 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

NYSE GNRC opened at $127.95 on Friday. The company has a fifty day simple moving average of $118.17 and a 200 day simple moving average of $140.66. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.56 billion, a P/E ratio of 23.69, a PEG ratio of 1.44 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the topic of several recent research reports. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and reduced their target price for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Stifel Nicolaus cut their price objective on shares of 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 shares of Generac from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $168.37.

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.