Jaffetilchin Investment Partners LLC Sells 3,051 Shares of Generac Holdings Inc. (NYSE:GNRC)

Jaffetilchin Investment Partners LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,698 shares of the technology company's stock after selling 3,051 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Generac were worth $1,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNRC. Hurley Capital LLC bought a new stake in shares of Generac during the 4th quarter valued at about $26,000. Quadrant Capital Group LLC grew its holdings in shares of Generac by 61.7% during the fourth quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after buying an additional 87 shares during the last quarter. Ostrum Asset Management bought a new stake in shares of Generac in the 4th quarter worth $50,000. Wintrust Investments LLC raised its position in Generac by 55.1% in the 4th quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock worth $66,000 after buying an additional 152 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Generac in the fourth quarter worth approximately $70,000. 84.04% of the stock is owned by institutional investors.

Generac Trading Up 2.1%

Shares of GNRC stock opened at $142.30 on Friday. The company has a market cap of $8.41 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.26 and a beta of 1.70. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The stock's 50 day simple moving average is $123.28 and its two-hundred day simple moving average is $135.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results 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 company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a return on equity of 18.90% and a net margin of 7.68%. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 EPS. Research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

GNRC has been the topic of a number of analyst reports. TD Securities lowered their price objective on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Stifel Nicolaus cut their price target on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Canaccord Genuity Group lowered 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, Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and cut their target price for the stock from $162.00 to $138.00 in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

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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