Fortis Advisors LLC Acquires Shares of 1,800 Generac Holdings Inc. $GNRC

Fortis Advisors LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,800 shares of the technology company’s stock, valued at approximately $245,000.

Several other institutional investors also recently bought and sold shares of GNRC. Massachusetts Financial Services Co. MA lifted its position in shares of Generac by 127.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 959,337 shares of the technology company’s stock valued at $130,825,000 after acquiring an additional 536,732 shares in the last quarter. Norges Bank purchased a new position in shares of Generac in the fourth quarter valued at approximately $68,590,000. Robeco Schweiz AG purchased a new position in Generac during the fourth quarter worth approximately $51,020,000. Victory Capital Management Inc. lifted its position in Generac by 17.9% during the third quarter. Victory Capital Management Inc. now owns 2,138,139 shares of the technology company’s stock worth $355,530,000 after buying an additional 324,809 shares in the last quarter. Finally, Holocene Advisors LP lifted its position in Generac by 346.6% during the second quarter. Holocene Advisors LP now owns 356,623 shares of the technology company’s stock worth $51,072,000 after buying an additional 276,775 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

NYSE:GNRC opened at $278.17 on Friday. Generac Holdings Inc. has a 52 week low of $118.09 and a 52 week high of $287.09. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.38 billion, a P/E ratio of 87.20, a P/E/G ratio of 2.60 and a beta of 1.93. The stock’s fifty day moving average is $230.20 and its two-hundred day moving average is $193.38.

Generac (NYSE:GNRC) last posted its earnings results 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 return on equity of 15.45% and a net margin of 4.37%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group lifted their price objective on Generac from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $277.00 price objective on shares of Generac in a research report on Thursday, March 26th. Stifel Nicolaus set a $275.00 price objective on Generac in a research report on Thursday, April 30th. Guggenheim reiterated a “neutral” rating and set a $202.00 price objective on shares of Generac in a research report on Tuesday, February 10th. Finally, Barclays lifted their price objective on Generac from $213.00 to $228.00 and gave the stock an “equal weight” rating in a research report on Friday, March 27th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $276.88.

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.