Annex Advisory Services LLC Increases Position in Generac Holdings Inc. (NYSE:GNRC)

Annex Advisory Services LLC raised its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 62.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,714 shares of the technology company's stock after acquiring an additional 59,047 shares during the period. Annex Advisory Services LLC owned approximately 0.26% of Generac worth $19,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LaFleur & Godfrey LLC raised its holdings in shares of Generac by 7.0% in the fourth quarter. LaFleur & Godfrey LLC now owns 66,500 shares of the technology company's stock worth $10,311,000 after buying an additional 4,350 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Generac by 82.5% in the fourth quarter. Blue Trust Inc. now owns 418 shares of the technology company's stock worth $66,000 after buying an additional 189 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Generac by 203.6% in the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after buying an additional 169 shares during the last quarter. abrdn plc raised its holdings in shares of Generac by 96.1% in the fourth quarter. abrdn plc now owns 9,009 shares of the technology company's stock worth $1,397,000 after buying an additional 4,416 shares during the last quarter. Finally, Calamos Advisors LLC raised its holdings in shares of Generac by 1.6% in the fourth quarter. Calamos Advisors LLC now owns 59,675 shares of the technology company's stock worth $9,253,000 after buying an additional 930 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GNRC shares. The Goldman Sachs Group reduced their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Bank of America started coverage on shares of Generac in a report on Monday, March 24th. They set a "buy" rating and a $182.00 target price for the company. Canaccord Genuity Group reduced their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Finally, Wells Fargo & Company cut their price objective on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Seven 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, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $168.37.

Generac Price Performance

Shares of NYSE GNRC traded down $1.22 during trading on Thursday, hitting $126.18. The company had a trading volume of 735,110 shares, compared to its average volume of 840,948. The stock has a fifty day simple moving average of $118.14 and a two-hundred day simple moving average of $141.29. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter last year, the business earned $0.88 earnings per share. The company's revenue for the quarter was up 5.9% compared to the same quarter last year. On average, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current 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.