Quinn Opportunity Partners LLC Boosts Stake in Generac Holdings Inc. $GNRC

Quinn Opportunity Partners LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 64.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,000 shares of the technology company’s stock after purchasing an additional 11,000 shares during the period. Quinn Opportunity Partners LLC’s holdings in Generac were worth $4,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GNRC. Nisa Investment Advisors LLC boosted its holdings in Generac by 234.6% in the first quarter. Nisa Investment Advisors LLC now owns 7,271 shares of the technology company’s stock valued at $921,000 after acquiring an additional 5,098 shares during the last quarter. MQS Management LLC acquired a new position in shares of Generac in the 1st quarter valued at about $259,000. Jennison Associates LLC grew its holdings in shares of Generac by 5.3% during the 1st quarter. Jennison Associates LLC now owns 708,052 shares of the technology company’s stock worth $89,675,000 after purchasing an additional 35,839 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac during the 1st quarter worth approximately $28,000. Finally, Archer Investment Corp lifted its position in Generac by 29.3% during the first quarter. Archer Investment Corp now owns 3,350 shares of the technology company’s stock valued at $424,000 after buying an additional 760 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GNRC shares. Wells Fargo & Company increased their price objective on shares of Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Needham & Company LLC began coverage on Generac in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Citigroup dropped their price objective on shares of Generac from $217.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Finally, Roth Capital set a $184.00 target price on Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.06.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer directly owned 542,966 shares in the company, valued at $90,365,831.38. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 15,000 shares of company stock valued at $2,575,300 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Generac Trading Up 0.8%

Shares of NYSE GNRC opened at $157.88 on Wednesday. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The stock’s 50 day simple moving average is $175.81 and its 200 day simple moving average is $158.92. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25.

Generac (NYSE:GNRC) last posted 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). Generac had a net margin of 6.92% and a return on equity of 17.63%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

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.