Darden Wealth Group Inc Invests $262,000 in Generac Holdings Inc. $GNRC

Darden Wealth Group Inc purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,830 shares of the technology company’s stock, valued at approximately $262,000.

Several other hedge funds have also modified their holdings of GNRC. Brighton Jones LLC purchased a new position in Generac in the 2nd quarter valued at about $219,000. Leavell Investment Management Inc. raised its position in shares of Generac by 43.0% in the 2nd quarter. Leavell Investment Management Inc. now owns 2,800 shares of the technology company’s stock valued at $401,000 after purchasing an additional 842 shares in the last quarter. Keeler Thomas Management LLC purchased a new position in shares of Generac during the 2nd quarter valued at approximately $2,182,000. AlphaQuest LLC grew its position in shares of Generac by 11.5% during the second quarter. AlphaQuest LLC now owns 2,821 shares of the technology company’s stock worth $404,000 after buying an additional 291 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Generac by 13.0% in the second quarter. Asset Management One Co. Ltd. now owns 1,936 shares of the technology company’s stock worth $277,000 after buying an additional 223 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the sale, the chief executive officer directly owned 547,966 shares in the company, valued at $91,740,467.72. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GNRC shares. Needham & Company LLC started coverage on shares of Generac in a research note on Wednesday. They set a “buy” rating and a $248.00 price objective on the stock. Barclays lowered their price objective on Generac from $200.00 to $188.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. UBS Group reaffirmed a “buy” rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Wells Fargo & Company boosted their price target on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, 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 report on Thursday, July 31st. Thirteen 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 stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus target price of $188.94.

Generac Stock Performance

GNRC stock opened at $192.02 on Friday. The stock’s fifty day moving average is $181.41 and its two-hundred day moving average is $153.69. The stock has a market capitalization of $11.27 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.62 and a beta of 1.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $1.35 EPS. Generac’s quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, research analysts predict 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.