Generac Holdings Inc. $GNRC Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 11.5% during the 2nd quarter, Holdings Channel reports. The firm owned 2,821 shares of the technology company’s stock after buying an additional 291 shares during the quarter. AlphaQuest LLC’s holdings in Generac were worth $404,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after acquiring an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Generac in the first quarter worth approximately $245,000. Integrity Alliance LLC. acquired a new stake in shares of Generac in the first quarter worth approximately $299,000. Amundi boosted its stake in shares of Generac by 8.2% in the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after acquiring an additional 7,923 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its position in Generac by 169.1% during the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock worth $2,587,000 after buying an additional 12,833 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

NYSE:GNRC opened at $180.36 on Thursday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $10.58 billion, a P/E ratio of 29.96, a P/E/G ratio of 1.61 and a beta of 1.64. The stock’s fifty day moving average is $180.91 and its two-hundred day moving average is $155.56.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. Generac’s revenue for the quarter was down 5.0% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Guggenheim reduced their price objective on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Stifel Nicolaus lifted their price objective on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. TD Cowen lifted their price objective on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. UBS Group reiterated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of Generac in a research report on Thursday, July 31st. Finally, Citigroup reduced their price objective on Generac from $219.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $188.94.

Insider Activity

In related 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 value of $837,100.00. Following the sale, the chief executive officer owned 547,966 shares in the company, 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 can be accessed through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Generac Company Profile

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.