LaFleur & Godfrey LLC Sells 23,008 Shares of Generac Holdings Inc. (NYSE:GNRC)

LaFleur & Godfrey LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 34.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,492 shares of the technology company's stock after selling 23,008 shares during the period. LaFleur & Godfrey LLC owned 0.07% of Generac worth $5,508,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hurley Capital LLC acquired a new position in Generac in the 4th quarter valued at approximately $26,000. Quadrant Capital Group LLC grew its stake in shares of Generac by 61.7% in the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock valued at $35,000 after purchasing an additional 87 shares during the period. Venturi Wealth Management LLC boosted its stake in 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 buying an additional 84 shares in the last quarter. Ostrum Asset Management bought a new stake in Generac in the fourth quarter valued at $50,000. Finally, Wintrust Investments LLC raised its stake in Generac by 55.1% during the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company's stock worth $66,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Trading Up 2.0%

NYSE:GNRC traded up $2.69 during trading hours on Tuesday, hitting $136.22. The stock had a trading volume of 1,139,812 shares, compared to its average volume of 850,686. The business's 50 day moving average is $121.63 and its 200-day moving average is $135.78. 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 company has a market cap of $8.05 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 1.15 and a beta of 1.70. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94.

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, beating analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The business had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. During the same quarter in the prior year, the company earned $0.88 EPS. The firm's quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GNRC. TD Securities lowered their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock 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. Wells Fargo & Company cut their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Robert W. Baird reduced their target price on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Canaccord Genuity Group dropped their price target on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.