IPG Investment Advisors LLC Has $2.27 Million Stock Holdings in Generac Holdings Inc. $GNRC

IPG Investment Advisors LLC lessened its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 44.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,666 shares of the technology company’s stock after selling 13,315 shares during the quarter. IPG Investment Advisors LLC’s holdings in Generac were worth $2,273,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GNRC. Massachusetts Financial Services Co. MA lifted its stake in shares of Generac by 127.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after acquiring an additional 536,732 shares during the period. Robeco Schweiz AG acquired a new position in shares of Generac during the fourth quarter valued at $51,020,000. Victory Capital Management Inc. lifted its stake in shares of Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock valued at $355,530,000 after acquiring an additional 324,809 shares during the period. Holocene Advisors LP increased its holdings in Generac by 346.6% in the second quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock valued at $51,072,000 after purchasing an additional 276,775 shares during the last quarter. Finally, Merewether Investment Management LP bought a new stake in Generac in the second quarter valued at about $38,079,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GNRC shares. Canaccord Genuity Group upped their price objective on Generac from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Stephens reiterated an “overweight” rating and issued a $290.00 price objective on shares of Generac in a report on Thursday, May 21st. TD Cowen upped their price objective on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Roth Mkm reiterated a “neutral” rating and issued a $257.00 price objective on shares of Generac in a report on Thursday, April 30th. Finally, Raymond James Financial set a $302.00 price objective on Generac in a report on Friday, May 22nd. Two investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $276.88.

Generac Trading Up 2.1%

NYSE GNRC opened at $280.66 on Thursday. Generac Holdings Inc. has a 12 month low of $118.09 and a 12 month high of $280.85. The stock has a 50-day simple moving average of $227.16 and a 200 day simple moving average of $191.91. The company has a market capitalization of $16.52 billion, a PE ratio of 87.98, a P/E/G ratio of 2.57 and a beta of 1.93. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47.

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

Generac Profile

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.