Hudson Valley Investment Advisors Inc. ADV Sells 7,606 Shares of Generac Holdings Inc. (NYSE:GNRC)

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 33.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,853 shares of the technology company's stock after selling 7,606 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV's holdings in Generac were worth $1,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $1,001,000 after acquiring an additional 72 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Generac by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after acquiring an additional 77 shares in the last quarter. Alaethes Wealth LLC raised its holdings in shares of Generac by 0.7% during the fourth quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock valued at $1,817,000 after acquiring an additional 78 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company's stock valued at $435,000 after acquiring an additional 80 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Generac by 42.0% during the fourth 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 in the last quarter. Institutional investors own 84.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. The Goldman Sachs Group decreased their price objective on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a report on Thursday, February 13th. TD Cowen decreased their price objective on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Canaccord Genuity Group decreased their price objective on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $168.37.

Generac Price Performance

Shares of NYSE:GNRC opened at $127.95 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a market capitalization of $7.56 billion, a PE ratio of 23.69, a PEG ratio of 1.44 and a beta of 1.70. The business has a fifty day moving average price of $118.17 and a 200-day moving average price of $140.93.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The company had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. During the same period last year, the company earned $0.88 EPS. Generac's revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal 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.

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