Militia Capital Partners LP Acquires New Position in Generac Holdings Inc. $GNRC

Militia Capital Partners LP bought a new stake in Generac Holdings Inc. (NYSE:GNRC) in the first quarter, HoldingsChannel.com reports. The fund bought 500 shares of the technology company’s stock, valued at approximately $63,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GNRC. Ethic Inc. boosted its stake in Generac by 8.5% in the fourth quarter. Ethic Inc. now owns 3,614 shares of the technology company’s stock valued at $560,000 after acquiring an additional 282 shares during the period. Focus Partners Wealth acquired a new position in Generac in the fourth quarter valued at approximately $212,000. Graham Capital Management L.P. acquired a new position in Generac in the fourth quarter valued at approximately $577,000. Janus Henderson Group PLC boosted its stake in Generac by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 30,133 shares of the technology company’s stock valued at $4,674,000 after acquiring an additional 332 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company’s stock valued at $1,001,000 after acquiring an additional 72 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the sale, the chief executive officer owned 552,966 shares of the company’s stock, valued at $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on GNRC shares. Barclays set a $200.00 target price on Generac and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. upgraded Generac from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. Wells Fargo & Company boosted their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a research report on Monday, September 1st. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus target price of $174.56.

Generac Price Performance

Shares of NYSE:GNRC opened at $184.70 on Friday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.50 and a beta of 1.63. The stock’s 50 day moving average price is $176.95 and its 200 day moving average price is $143.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88.

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

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.