S&CO Inc. Takes Position in Generac Holdings Inc. $GNRC

S&CO Inc. purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 1,502 shares of the technology company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently added to or reduced their stakes in GNRC. First Dallas Securities Inc. bought a new stake in shares of Generac in the 2nd quarter valued at approximately $222,000. Allworth Financial LP boosted its stake in Generac by 4.1% in the 2nd quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $392,000 after buying an additional 108 shares in the last quarter. ProShare Advisors LLC grew its position in Generac by 7.9% in the second quarter. ProShare Advisors LLC now owns 12,269 shares of the technology company’s stock valued at $1,757,000 after acquiring an additional 901 shares during the period. Zions Bancorporation National Association UT raised its stake in Generac by 419.2% during the second quarter. Zions Bancorporation National Association UT now owns 405 shares of the technology company’s stock worth $58,000 after acquiring an additional 327 shares in the last quarter. Finally, Rathbones Group PLC lifted its holdings in shares of Generac by 4.0% during the second quarter. Rathbones Group PLC now owns 26,347 shares of the technology company’s stock valued at $3,773,000 after acquiring an additional 1,015 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 1.0%

Shares of NYSE GNRC opened at $155.29 on Monday. The firm has a market capitalization of $9.11 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. 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 1 year low of $99.50 and a 1 year high of $203.25. The firm’s 50-day moving average is $176.82 and its 200-day moving average is $158.30.

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

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the transaction, the chief executive officer 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 document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 15,000 shares of company stock worth $2,575,300. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GNRC. Roth Capital set a $184.00 target price on shares of Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. TD Cowen upped their price objective on shares of Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. UBS Group dropped their price objective on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Stifel Nicolaus increased their price target on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $191.06.

Generac Company 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.