Generac Holdings Inc. (NYSE:GNRC) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 44.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284 shares of the technology company’s stock after selling 226 shares during the period. Parallel Advisors LLC’s holdings in Generac were worth $36,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GoalVest Advisory LLC lifted its stake in Generac by 1.8% in the first quarter. GoalVest Advisory LLC now owns 16,866 shares of the technology company’s stock worth $2,136,000 after acquiring an additional 300 shares during the last quarter. GAMMA Investing LLC increased its stake in Generac by 8,026.7% in the 1st quarter. GAMMA Investing LLC now owns 140,835 shares of the technology company’s stock valued at $17,837,000 after buying an additional 139,102 shares during the period. Versant Capital Management Inc increased its stake in Generac by 629.7% in the 1st quarter. Versant Capital Management Inc now owns 1,328 shares of the technology company’s stock valued at $168,000 after buying an additional 1,146 shares during the period. Centaurus Financial Inc. grew its stake in shares of Generac by 71.1% during the 4th quarter. Centaurus Financial Inc. now owns 1,203 shares of the technology company’s stock worth $187,000 after purchasing an additional 500 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Generac during the 4th quarter worth $3,886,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lowered their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. UBS Group increased their price objective on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research report on Monday, March 17th. TD Securities reduced their price objective on Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded Generac from a “hold” rating to a “buy” rating in a research note on Saturday. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and an average target price of $168.37.

Generac Trading Up 0.4%

Shares of GNRC opened at $128.50 on Tuesday. The business’s 50-day moving average price is $118.18 and its 200 day moving average price is $139.93. The stock has a market capitalization of $7.59 billion, a P/E ratio of 23.80, a P/E/G ratio of 1.44 and a beta of 1.70. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.27. The company 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 revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current 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.