Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its position in Generac Holdings Inc. (NYSE:GNRC) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,698 shares of the technology company’s stock after selling 165 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Generac were worth $1,862,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Hurley Capital LLC bought a new position in Generac in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in shares of Generac during the 4th quarter valued at about $31,000. Quadrant Capital Group LLC boosted its position in shares of Generac by 61.7% during the 4th 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 in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock valued at $44,000 after purchasing an additional 84 shares in the last quarter. Finally, Ostrum Asset Management bought a new position in shares of Generac during the 4th quarter valued at about $50,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Securities reduced their price objective on shares of Generac from $173.00 to $155.00 and set a “buy” rating for the company 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 research report on Saturday, June 7th. Robert W. Baird reduced their price objective on shares of Generac from $171.00 to $127.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Canaccord Genuity Group decreased their target price on shares of Generac from $200.00 to $180.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, 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 report on Thursday, April 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.17.

Generac Price Performance

NYSE GNRC opened at $126.23 on Tuesday. The company has a 50 day simple moving average of $120.13 and a 200-day simple moving average of $137.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94.

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, topping analysts’ consensus estimates of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Equities research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.