Generac Holdings Inc. $GNRC Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Generac Holdings Inc. (NYSE:GNRC) by 165.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,773 shares of the technology company’s stock after purchasing an additional 11,078 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Generac were worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Generac in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac in the third quarter valued at approximately $26,000. Sentry Investment Management LLC increased its stake in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in shares of Generac in the third quarter valued at approximately $46,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Generac by 47.3% in the third quarter. Parkside Financial Bank & Trust now owns 274 shares of the technology company’s stock valued at $46,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of several analyst reports. UBS Group raised their price target on shares of Generac from $270.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Stephens restated an “overweight” rating and issued a $290.00 price target on shares of Generac in a research note on Thursday, May 21st. Robert W. Baird set a $311.00 price objective on shares of Generac in a research note on Thursday, April 30th. TD Cowen raised their price objective on shares of Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Guggenheim reiterated a “neutral” rating and set a $202.00 price objective on shares of Generac in a research note on Tuesday, February 10th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $276.88.

Generac Price Performance

NYSE GNRC opened at $274.86 on Wednesday. Generac Holdings Inc. has a 12 month low of $118.09 and a 12 month high of $279.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99. The firm has a market capitalization of $16.18 billion, a PE ratio of 86.16, a P/E/G ratio of 2.53 and a beta of 1.93. The company’s 50 day simple moving average is $225.59 and its 200 day simple moving average is $191.02.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.47. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $1.26 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

About Generac

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.