Janney Montgomery Scott LLC Lowers Position in Generac Holdings Inc. (NYSE:GNRC)

Janney Montgomery Scott LLC cut its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 17.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,912 shares of the technology company's stock after selling 8,611 shares during the period. Janney Montgomery Scott LLC owned approximately 0.07% of Generac worth $5,055,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Generac by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after purchasing an additional 72 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Generac by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock worth $2,636,000 after acquiring an additional 77 shares during the last quarter. Alaethes Wealth LLC lifted its holdings in shares of Generac by 0.7% in the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after acquiring an additional 78 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after acquiring an additional 84 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Generac by 3.9% in the fourth quarter. Wedbush Securities Inc. now owns 2,235 shares of the technology company's stock worth $347,000 after acquiring an additional 84 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

NYSE:GNRC traded up $2.69 during trading on Tuesday, reaching $136.22. The company's stock had a trading volume of 1,139,955 shares, compared to its average volume of 851,569. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. The firm has a 50 day moving average of $122.09 and a 200-day moving average of $135.79. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $195.94.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.90% and a net margin of 7.68%. The company had revenue of $942.12 million during the quarter, compared to analyst estimates of $921.78 million. During the same quarter last year, the firm posted $0.88 EPS. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

GNRC has been the subject of a number of research reports. Stephens reissued an "overweight" rating and issued a $175.00 target price on shares of Generac in a report on Tuesday, May 27th. Robert W. Baird dropped their target price on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Janney Montgomery Scott raised shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. TD Cowen dropped their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Guggenheim upgraded shares of Generac from a "sell" rating to a "neutral" rating in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $169.17.

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.