Bank of Montreal Can Cuts Position in Generac Holdings Inc. $GNRC

Bank of Montreal Can decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 15.0% during the 2nd quarter, Holdings Channel reports. The fund owned 58,025 shares of the technology company’s stock after selling 10,220 shares during the quarter. Bank of Montreal Can’s holdings in Generac were worth $8,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNRC. Axxcess Wealth Management LLC acquired a new stake in shares of Generac in the 1st quarter valued at $355,000. Nisa Investment Advisors LLC raised its stake 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 buying an additional 5,098 shares in the last quarter. Leavell Investment Management Inc. purchased a new stake in Generac during the 1st quarter worth about $248,000. State of Michigan Retirement System boosted its position in shares of Generac by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 16,216 shares of the technology company’s stock worth $2,054,000 after acquiring an additional 100 shares in the last quarter. Finally, Emerald Advisers LLC increased its holdings in shares of Generac by 54.3% in the 1st quarter. Emerald Advisers LLC now owns 2,080 shares of the technology company’s stock valued at $263,000 after acquiring an additional 732 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac 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 completion of the sale, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 15,000 shares of company stock worth $2,575,300. 2.70% of the stock is owned by corporate insiders.

Generac Stock Up 1.0%

Shares of NYSE:GNRC opened at $155.29 on Monday. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88. The stock has a market cap of $9.11 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.53 and a beta of 1.69. The firm has a fifty day moving average price of $176.82 and a 200 day moving average price of $158.30.

Generac (NYSE:GNRC) last announced 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 6.92% and a return on equity of 17.63%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company posted $2.25 earnings per share. Generac’s quarterly revenue was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GNRC shares. Wells Fargo & Company boosted their target price on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Canaccord Genuity Group reissued a “buy” rating and set a $240.00 price objective on shares of Generac in a report on Thursday, October 30th. Stifel Nicolaus upped their target price on shares of Generac from $195.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Finally, Needham & Company LLC began coverage on shares of Generac in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price target for the company. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.06.

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.