Oppenheimer Asset Management Inc. Has $1.62 Million Stock Position in Generac Holdings Inc. $GNRC

Oppenheimer Asset Management Inc. lowered its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,301 shares of the technology company’s stock after selling 424 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Generac were worth $1,618,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock valued at $929,000 after buying an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Generac in the first quarter worth approximately $245,000. Integrity Alliance LLC. bought a new stake in Generac in the first quarter valued at approximately $299,000. Amundi increased its position in Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after purchasing an additional 7,923 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in Generac by 169.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock worth $2,587,000 after purchasing an additional 12,833 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GNRC shares. Citigroup reduced their price objective on shares of Generac from $219.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Roth Capital set a $184.00 target price on shares of Generac and gave the company a “neutral” rating in a report on Thursday. Stifel Nicolaus increased their price target on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group dropped their price objective on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Thirteen investment 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. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.11.

Generac Trading Down 8.3%

NYSE GNRC opened at $165.82 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The business has a 50 day moving average price of $180.42 and a 200-day moving average price of $155.63. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.53 and a beta of 1.64.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Generac 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.