Versant Capital Management Inc Boosts Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Versant Capital Management Inc lifted its position in Generac Holdings Inc. (NYSE:GNRC) by 629.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,328 shares of the technology company’s stock after purchasing an additional 1,146 shares during the quarter. Versant Capital Management Inc’s holdings in Generac were worth $168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Hurley Capital LLC acquired a new stake in Generac during the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Generac during the fourth quarter worth $31,000. Quadrant Capital Group LLC lifted its position in Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company’s stock valued at $35,000 after purchasing an additional 87 shares during the period. Spire Wealth Management grew its position 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 purchasing an additional 169 shares during the period. Finally, Venturi Wealth Management LLC grew its position 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 purchasing an additional 84 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Down 1.7%

Shares of NYSE GNRC opened at $122.15 on Monday. 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 50-day moving average of $118.48 and a 200 day moving average of $142.30. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The stock has a market cap of $7.22 billion, a PE ratio of 22.62, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same period in the prior year, the business earned $0.88 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the topic of a number of recent research reports. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They issued a “buy” rating and a $182.00 target price on the stock. Stifel Nicolaus lowered their price objective on Generac from $200.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. TD Securities dropped their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Piper Sandler decreased their target price on shares of Generac from $175.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Finally, Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average target price of $168.37.

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.