Prospera Financial Services Inc Sells 640 Shares of Generac Holdings Inc. $GNRC

Prospera Financial Services Inc trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 18.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,866 shares of the technology company’s stock after selling 640 shares during the quarter. Prospera Financial Services Inc’s holdings in Generac were worth $410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC raised 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 acquiring an additional 35,839 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Generac in the first quarter worth $28,000. Hussman Strategic Advisors Inc. bought a new stake in Generac in the first quarter worth $1,330,000. Formidable Asset Management LLC raised its stake in Generac by 5.7% during the first quarter. Formidable Asset Management LLC now owns 2,885 shares of the technology company’s stock valued at $365,000 after purchasing an additional 156 shares in the last quarter. Finally, Impact Partnership Wealth LLC bought a new position in Generac during the first quarter valued at $243,000. 84.04% of the stock is owned by institutional investors.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the completion of the sale, the chief executive officer directly owned 542,966 shares in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 15,000 shares of company stock worth $2,575,300. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on GNRC shares. Wells Fargo & Company upped their target price on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. TD Cowen upped their price objective on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Stifel Nicolaus raised their price objective on Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Guggenheim cut their target price on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Finally, UBS Group decreased their price target on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of “Moderate Buy” and an average target price of $191.06.

Generac Stock Performance

Shares of Generac stock opened at $150.86 on Friday. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average price is $174.48 and its 200-day moving average price is $159.50. The firm has a market cap of $8.85 billion, a P/E ratio of 28.73, a P/E/G ratio of 1.53 and a beta of 1.69. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25.

Generac (NYSE:GNRC) last released its quarterly earnings data 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the business posted $2.25 earnings per share. Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.