Algert Global LLC Sells 3,111 Shares of Generac Holdings Inc. (NYSE:GNRC)

Algert Global LLC cut its position in Generac Holdings Inc. (NYSE:GNRC) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,649 shares of the technology company’s stock after selling 3,111 shares during the period. Algert Global LLC’s holdings in Generac were worth $3,524,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. ICA Group Wealth Management LLC acquired a new stake in Generac in the fourth quarter worth $27,000. EntryPoint Capital LLC raised its holdings in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after purchasing an additional 90 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the period. Quarry LP raised its holdings in shares of Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the period. Finally, Fairfield Financial Advisors LTD acquired a new stake in shares of Generac during the second quarter worth $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

Shares of Generac stock opened at $158.83 on Tuesday. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $169.57. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The company has a 50-day simple moving average of $148.58 and a two-hundred day simple moving average of $141.15. The stock has a market capitalization of $9.63 billion, a price-to-earnings ratio of 43.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.38.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s revenue was down .2% on a year-over-year basis. Analysts forecast that Generac Holdings Inc. will post 6.5 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on GNRC. Stephens restated an “overweight” rating and set a $200.00 price objective on shares of Generac in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Wells Fargo & Company lifted their price target on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Janney Montgomery Scott lowered shares of Generac from a “buy” rating to a “neutral” rating and lifted their price target for the company from $126.00 to $154.00 in a research note on Thursday, June 13th. Finally, Roth Mkm lifted their price target on shares of Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $154.71.

Generac 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.