Prime Capital Investment Advisors LLC Has $450,000 Stock Holdings in Generac Holdings Inc. $GNRC

Prime Capital Investment Advisors LLC lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 43.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,139 shares of the technology company’s stock after selling 2,433 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Generac were worth $450,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac during the first quarter worth approximately $28,000. Creative Capital Management Investments LLC lifted its holdings in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in Generac during the 2nd quarter worth approximately $36,000. Finally, Private Trust Co. NA lifted its holdings in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $170.23 on Friday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock has a market capitalization of $9.99 billion, a PE ratio of 28.28, a PEG ratio of 1.37 and a beta of 1.64. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $183.16 and a 200-day moving average of $148.70.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GNRC shares. Guggenheim dropped their price target on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday. Roth Capital lifted their target price on 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 note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a research note on Wednesday. Finally, TD Cowen lifted their price objective on shares of Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.11.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. 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.

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.