Cresset Asset Management LLC Has $326,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

Cresset Asset Management LLC trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 60.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,102 shares of the technology company’s stock after selling 3,247 shares during the period. Cresset Asset Management LLC’s holdings in Generac were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC acquired a new stake in Generac in the fourth quarter worth about $3,638,000. Pinebridge Investments L.P. grew its position in shares of Generac by 28.1% during the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company’s stock worth $10,697,000 after buying an additional 15,147 shares during the period. Evercore Wealth Management LLC grew its position in shares of Generac by 4.3% during the 4th quarter. Evercore Wealth Management LLC now owns 430,068 shares of the technology company’s stock worth $66,682,000 after buying an additional 17,711 shares during the period. Barclays PLC grew its position in shares of Generac by 41.4% during the 3rd quarter. Barclays PLC now owns 185,193 shares of the technology company’s stock worth $29,425,000 after buying an additional 54,202 shares during the period. Finally, Dakota Wealth Management grew its position in shares of Generac by 59.1% during the 4th quarter. Dakota Wealth Management now owns 48,998 shares of the technology company’s stock worth $7,597,000 after buying an additional 18,197 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Citigroup upgraded Generac from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Canaccord Genuity Group decreased their target price on Generac from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus decreased their target price on Generac from $200.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. TD Cowen decreased their target price on Generac from $173.00 to $155.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Finally, Bank of America started coverage on Generac in a research report on Monday, March 24th. They set a “buy” rating and a $182.00 target price for the company. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.20.

Generac Trading Up 1.6%

NYSE GNRC opened at $129.55 on Friday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 1.44 and a beta of 1.73. The stock’s 50 day moving average price is $120.06 and its two-hundred day moving average price is $146.73. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to analysts’ expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. As a group, analysts anticipate 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.