Versor Investments LP Reduces Position in Generac Holdings Inc. $GNRC

Versor Investments LP lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 88.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,534 shares of the technology company’s stock after selling 12,147 shares during the period. Versor Investments LP’s holdings in Generac were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrity Alliance LLC. purchased a new stake in Generac during the 1st quarter valued at about $299,000. Amundi lifted its holdings in shares of Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after purchasing an additional 7,923 shares during the period. Epoch Investment Partners Inc. boosted its position in Generac by 169.1% in the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock valued at $2,587,000 after buying an additional 12,833 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Generac by 30.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock valued at $7,600,000 after buying an additional 13,842 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Generac by 37.3% in the 1st quarter. Acadian Asset Management LLC now owns 10,429 shares of the technology company’s stock worth $1,320,000 after buying an additional 2,834 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Down 3.4%

GNRC stock opened at $153.75 on Friday. 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 2.18 and a debt-to-equity ratio of 0.51. The firm has a market cap of $9.02 billion, a P/E ratio of 29.29, a PEG ratio of 1.53 and a beta of 1.69. The company’s 50-day simple moving average is $177.41 and its 200-day simple moving average is $157.30.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective on the stock. Barclays upped their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. TD Cowen increased their price target on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.06.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the transaction, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 15,000 shares of company stock worth $2,575,300. 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.