Scott & Selber Inc. Grows Position in Generac Holdings Inc. $GNRC

Scott & Selber Inc. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 110.0% during the 2nd quarter, Holdings Channel reports. The fund owned 22,539 shares of the technology company’s stock after buying an additional 11,806 shares during the period. Scott & Selber Inc.’s holdings in Generac were worth $3,228,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock valued at $878,053,000 after purchasing an additional 137,363 shares in the last quarter. Ariel Investments LLC boosted its position in Generac by 10.1% during the 1st quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock valued at $204,651,000 after acquiring an additional 148,551 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Generac by 25.3% in the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock valued at $179,148,000 after acquiring an additional 285,388 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Generac by 18.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock worth $108,914,000 after acquiring an additional 131,460 shares in the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Generac by 9.0% during the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company’s stock worth $102,873,000 after purchasing an additional 67,180 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the transaction, the chief executive officer directly owned 552,966 shares of the company’s stock, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Generac Trading Up 2.5%

Shares of Generac stock opened at $168.42 on Monday. The firm’s 50 day simple moving average is $182.37 and its two-hundred day simple moving average is $146.49. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.35 and a beta of 1.63. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GNRC. Citigroup reiterated a “neutral” rating and issued a $219.00 target price (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $165.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Wells Fargo & Company boosted their price objective on shares of Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. TD Cowen raised their target price on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $184.11.

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.