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

Oak Family Advisors LLC trimmed its holdings in Generac Holdings Inc. (NYSE:GNRC) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 46,432 shares of the technology company’s stock after selling 205 shares during the period. Generac accounts for approximately 2.0% of Oak Family Advisors LLC’s holdings, making the stock its 13th largest holding. Oak Family Advisors LLC owned approximately 0.08% of Generac worth $5,881,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GNRC. Farther Finance Advisors LLC boosted its holdings in shares of Generac by 83.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the technology company’s stock valued at $139,000 after purchasing an additional 501 shares during the last quarter. Meridian Financial Partners LLC grew its position in Generac by 1.0% during the first quarter. Meridian Financial Partners LLC now owns 9,703 shares of the technology company’s stock valued at $1,229,000 after acquiring an additional 100 shares during the period. Pine Haven Investment Counsel Inc increased its stake in Generac by 5.5% during the first quarter. Pine Haven Investment Counsel Inc now owns 2,786 shares of the technology company’s stock worth $353,000 after acquiring an additional 145 shares during the last quarter. Independence Bank of Kentucky raised its holdings in shares of Generac by 107.0% in the 1st quarter. Independence Bank of Kentucky now owns 14,276 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 7,381 shares during the period. Finally, Annex Advisory Services LLC lifted its stake in shares of Generac by 62.4% in the 1st quarter. Annex Advisory Services LLC now owns 153,714 shares of the technology company’s stock valued at $19,468,000 after purchasing an additional 59,047 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GNRC shares. Robert W. Baird cut their price target on shares of Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group dropped their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Janney Montgomery Scott raised shares of Generac from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 7th. Canaccord Genuity Group cut their price objective on Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price objective on Generac from $165.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $168.37.

Generac Stock Performance

Shares of Generac stock opened at $128.50 on Tuesday. 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 1 year low of $99.50 and a 1 year high of $195.94. The firm’s 50-day simple moving average is $118.18 and its 200-day simple moving average is $139.93. The firm has a market cap of $7.59 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70.

Generac (NYSE:GNRC) last announced its quarterly earnings data 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 firm had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. Generac’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Company 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.