Moors & Cabot Inc. Makes New Investment in Generac Holdings Inc. $GNRC

Moors & Cabot Inc. acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,494 shares of the technology company’s stock, valued at approximately $214,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock valued at $878,053,000 after purchasing an additional 137,363 shares during the period. Ariel Investments LLC boosted its holdings in shares of Generac by 10.1% in the 1st quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock valued at $204,651,000 after purchasing an additional 148,551 shares during the last quarter. Invesco Ltd. grew its stake in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock valued at $179,148,000 after buying an additional 285,388 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Generac by 18.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock worth $108,914,000 after buying an additional 131,460 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Generac by 5.3% in the 1st quarter. Jennison Associates LLC now owns 708,052 shares of the technology company’s stock worth $89,675,000 after buying an additional 35,839 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 1.0%

Shares of NYSE:GNRC opened at $155.29 on Monday. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The company has a 50 day moving average of $176.82 and a two-hundred day moving average of $158.30. 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.

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

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at $90,365,831.38. This represents a 0.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 15,000 shares of company stock valued at $2,575,300. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of several research analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $240.00 price target on shares of Generac in a research note on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Barclays lifted their price target on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.06.

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.