Fiduciary Alliance LLC Has $275,000 Holdings in Generac Holdings Inc. (NYSE:GNRC)

Fiduciary Alliance LLC cut its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 76.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,170 shares of the technology company's stock after selling 7,090 shares during the period. Fiduciary Alliance LLC's holdings in Generac were worth $275,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of Generac during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Generac during the fourth quarter worth $31,000. Quadrant Capital Group LLC raised its position in Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after acquiring an additional 87 shares in the last quarter. Spire Wealth Management lifted its stake in Generac by 203.6% in the fourth quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after acquiring an additional 169 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Generac by 42.0% in the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock valued at $44,000 after acquiring an additional 84 shares during the period. Institutional investors own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GNRC shares. TD Securities cut their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Bank of America initiated coverage on Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price target on the stock. Finally, Canaccord Genuity Group reduced their price objective on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $168.37.

Generac Price Performance

GNRC stock traded up $2.75 during midday trading on Friday, reaching $129.08. The company had a trading volume of 538,049 shares, compared to its average volume of 860,765. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The stock has a 50 day moving average price of $118.14 and a 200-day moving average price of $141.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. The firm had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Equities 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.