Minneapolis Portfolio Management Group LLC Purchases 3,649 Shares of Generac Holdings Inc. $GNRC

Minneapolis Portfolio Management Group LLC grew its position in Generac Holdings Inc. (NYSE:GNRC) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 173,339 shares of the technology company’s stock after acquiring an additional 3,649 shares during the period. Generac accounts for approximately 2.7% of Minneapolis Portfolio Management Group LLC’s investment portfolio, making the stock its 24th biggest position. Minneapolis Portfolio Management Group LLC owned 0.30% of Generac worth $23,638,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MUFG Securities EMEA plc bought a new position in shares of Generac in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new position in Generac during the 3rd quarter worth $26,000. Sentry Investment Management LLC raised its position in Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in Generac during the 3rd quarter worth $46,000. Finally, IFP Advisors Inc raised its position in Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

GNRC stock opened at $269.13 on Tuesday. The stock has a 50-day moving average price of $231.57 and a 200-day moving average price of $194.42. Generac Holdings Inc. has a 1-year low of $118.09 and a 1-year high of $287.09. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The firm has a market cap of $15.84 billion, a PE ratio of 84.37, a price-to-earnings-growth ratio of 2.60 and a beta of 1.93.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $1.26 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities research analysts expect that Generac Holdings Inc. will post 8.91 earnings per share for the current year.

Analysts Set New Price Targets

GNRC has been the subject of several analyst reports. Robert W. Baird set a $311.00 target price on Generac in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Generac in a research report on Tuesday, May 19th. Guggenheim reaffirmed a “neutral” rating and set a $202.00 target price on shares of Generac in a research report on Tuesday, February 10th. Citigroup raised their target price on Generac from $226.00 to $263.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $257.00 target price on shares of Generac in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $276.88.

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.