Nomura Holdings Inc. Lowers Stake in Generac Holdings Inc. $GNRC

Nomura Holdings Inc. reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,882 shares of the technology company’s stock after selling 79 shares during the quarter. Nomura Holdings Inc.’s holdings in Generac were worth $238,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac during the 1st quarter worth about $28,000. Private Trust Co. NA increased its stake in shares of Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after purchasing an additional 90 shares in the last quarter. Colonial Trust Advisors increased its stake in shares of Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock worth $41,000 after purchasing an additional 250 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Generac during the first quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Generac by 1,525.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company’s stock worth $74,000 after purchasing an additional 549 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the sale, the chief executive officer owned 552,966 shares of the company’s stock, valued at $100,202,968.86. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Generac Trading Up 1.7%

GNRC opened at $181.22 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.63. The company’s 50 day simple moving average is $173.40 and its two-hundred day simple moving average is $141.67. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on GNRC shares. Wells Fargo & Company boosted their target price on shares of Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Monday, September 1st. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $56.00 to $68.00 in a research note on Monday, August 11th. Guggenheim raised shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Tuesday, July 29th. Finally, Stephens restated an “overweight” rating and set a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.56.

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.