Sowell Financial Services LLC Takes $416,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Sowell Financial Services LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,285 shares of the technology company's stock, valued at approximately $416,000.

A number of other institutional investors have also modified their holdings of the company. Hurley Capital LLC acquired a new position in Generac during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Generac during the fourth quarter worth approximately $31,000. Quadrant Capital Group LLC increased 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 purchasing an additional 87 shares during the last quarter. Venturi Wealth Management LLC increased its position in Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after purchasing an additional 84 shares during the last quarter. Finally, Ostrum Asset Management acquired a new position in Generac during the fourth quarter worth approximately $50,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC stock opened at $127.54 on Friday. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $195.94. The firm has a fifty day moving average of $121.22 and a two-hundred day moving average of $136.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.89. The firm has a market cap of $7.54 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.13 and a beta of 1.70.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly 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. 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 analyst estimates of $921.78 million. During the same period in the previous year, the business posted $0.88 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on GNRC. Wells Fargo & Company dropped their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Canaccord Genuity Group dropped their price target 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. Citigroup raised shares of Generac from a "neutral" rating to a "buy" rating and cut their target price for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. Stephens reissued an "overweight" rating and issued a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. Finally, Guggenheim raised shares of Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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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