Stiles Financial Services Inc Boosts Holdings in Generac Holdings Inc. $GNRC

Stiles Financial Services Inc boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 10.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,616 shares of the technology company’s stock after buying an additional 1,615 shares during the period. Stiles Financial Services Inc’s holdings in Generac were worth $2,523,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac during the 1st quarter worth $28,000. Creative Capital Management Investments LLC boosted its position in shares of Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Generac during the 2nd quarter worth $36,000. Finally, Private Trust Co. NA raised its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after buying an additional 90 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 0.2%

GNRC opened at $171.72 on Friday. The firm has a 50 day moving average price of $183.62 and a 200 day moving average price of $148.46. The company has a market cap of $10.08 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.03 billion. During the same period last year, the business earned $1.35 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

GNRC has been the subject of several research reports. Guggenheim cut their price target on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday. UBS Group reaffirmed a “buy” rating and set a $220.00 price target (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Canaccord Genuity Group cut their price target on Generac from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company lifted their price target on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $184.11.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

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.