Stevens Capital Management LP Purchases Shares of 3,263 Generac Holdings Inc. $GNRC

Stevens Capital Management LP acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,263 shares of the technology company’s stock, valued at approximately $546,000.

Other institutional investors have also recently bought and sold shares of the company. New York Life Investment Management LLC raised its stake in Generac by 0.7% during the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock worth $1,135,000 after purchasing an additional 58 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Generac by 21.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock worth $55,000 after acquiring an additional 59 shares during the last quarter. Sentry Investment Management LLC raised its holdings in shares of Generac by 69.8% in 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 period. Beacon Investment Advisors LLC lifted its stake in shares of Generac by 0.3% in the 2nd quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock valued at $3,735,000 after purchasing an additional 70 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Generac by 24.7% during the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock worth $62,000 after purchasing an additional 73 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Trading Up 0.8%

GNRC opened at $229.20 on Friday. The stock has a market capitalization of $13.45 billion, a PE ratio of 85.52, a P/E/G ratio of 1.68 and a beta of 1.85. The firm’s fifty day moving average price is $167.96 and its 200 day moving average price is $171.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $236.00.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GNRC. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price target on the stock in a research report on Thursday, January 8th. Barclays lifted their target price on shares of Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a report on Thursday, February 12th. Needham & Company LLC began coverage on Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 price objective on the stock. Bank of America decreased their target price on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price on the stock in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $220.19.

Generac Company 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.