Dynamic Technology Lab Private Ltd Purchases New Shares in Generac Holdings Inc. $GNRC

Dynamic Technology Lab Private Ltd purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 13,039 shares of the technology company’s stock, valued at approximately $1,651,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac during the 1st quarter worth approximately $28,000. Private Trust Co. NA grew its holdings in shares of Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock valued at $38,000 after acquiring an additional 90 shares in the last quarter. Colonial Trust Advisors increased its position in shares of Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock valued at $41,000 after acquiring an additional 250 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Generac during the first quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Generac by 1,525.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company’s stock worth $74,000 after acquiring an additional 549 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $56.00 to $68.00 in a research note on Monday, August 11th. UBS Group reissued a “buy” rating and issued a $220.00 price target (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Roth Capital raised their price objective on shares of Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Stifel Nicolaus lifted their price objective on shares of Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Monday, September 1st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.56.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the transaction, the chief executive officer directly owned 552,966 shares in the company, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Generac Trading Up 1.7%

Shares of Generac stock opened at $181.22 on Friday. The stock has a market capitalization of $10.63 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.45 and a beta of 1.63. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The stock’s 50-day simple moving average is $173.40 and its 200 day simple moving average is $141.66.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $1.35 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

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.