Scientech Research LLC Purchases New Stake in Generac Holdings Inc. (NYSE:GNRC)

Scientech Research LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,312 shares of the technology company’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital World Investors lifted its stake in shares of Generac by 2.1% during the 1st quarter. Capital World Investors now owns 1,230,434 shares of the technology company’s stock worth $155,207,000 after buying an additional 25,646 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Generac during the second quarter worth approximately $98,282,000. Dimensional Fund Advisors LP boosted its holdings in shares of Generac by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock worth $92,941,000 after acquiring an additional 35,026 shares during the period. Ninety One UK Ltd grew its position in shares of Generac by 0.7% in the second quarter. Ninety One UK Ltd now owns 519,741 shares of the technology company’s stock valued at $68,720,000 after purchasing an additional 3,849 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after purchasing an additional 103,439 shares during the period. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of research reports. TD Cowen upped their price objective on Generac from $144.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Northland Securities boosted their target price on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price target (up from $145.00) on shares of Generac in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Generac from $129.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $154.71.

Generac Price Performance

Shares of NYSE:GNRC opened at $158.83 on Tuesday. The firm has a 50 day simple moving average of $148.58 and a 200 day simple moving average of $141.15. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 43.75, a PEG ratio of 1.88 and a beta of 1.38. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $169.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the company earned $1.08 EPS. Generac’s revenue was down .2% compared to the same quarter last year. Research analysts predict that Generac Holdings Inc. will post 6.5 earnings per share for the current fiscal year.

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.