Farther Finance Advisors LLC Has $139,000 Position in Generac Holdings Inc. (NYSE:GNRC)

Farther Finance Advisors LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 83.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,102 shares of the technology company’s stock after purchasing an additional 501 shares during the quarter. Farther Finance Advisors LLC’s holdings in Generac were worth $139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNRC. Meridian Financial Partners LLC lifted its stake in Generac by 1.0% during the 1st quarter. Meridian Financial Partners LLC now owns 9,703 shares of the technology company’s stock valued at $1,229,000 after acquiring an additional 100 shares in the last quarter. Pine Haven Investment Counsel Inc increased its holdings in Generac by 5.5% in the 1st quarter. Pine Haven Investment Counsel Inc now owns 2,786 shares of the technology company’s stock worth $353,000 after acquiring an additional 145 shares during the last quarter. Independence Bank of Kentucky increased its holdings in Generac by 107.0% in the 1st quarter. Independence Bank of Kentucky now owns 14,276 shares of the technology company’s stock worth $1,808,000 after acquiring an additional 7,381 shares during the last quarter. Annex Advisory Services LLC boosted its stake in Generac by 62.4% in the 1st quarter. Annex Advisory Services LLC now owns 153,714 shares of the technology company’s stock worth $19,468,000 after purchasing an additional 59,047 shares during the period. Finally, Secure Asset Management LLC boosted its stake in Generac by 56.3% in the 1st quarter. Secure Asset Management LLC now owns 16,680 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 6,009 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Up 1.6%

Generac stock opened at $127.54 on Friday. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.13 and a beta of 1.70. The stock has a 50 day moving average of $121.22 and a two-hundred day moving average of $136.73. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.89 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last released its quarterly earnings data 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. Generac had a return on equity of 18.90% and a net margin of 7.68%. The firm 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 business posted $0.88 EPS. Generac’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent research reports. Wall Street Zen upgraded Generac from a “hold” rating to a “buy” rating in a research report on Saturday, June 7th. Canaccord Genuity Group reduced their target price on Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Robert W. Baird reduced their price target on Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Citigroup raised Generac from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $162.00 to $138.00 in a research note on Thursday, April 17th. Finally, TD Cowen cut their target price on Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.17.

About Generac

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.