1,538 Shares in Generac Holdings Inc. $GNRC Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the second quarter, HoldingsChannel.com reports. The fund acquired 1,538 shares of the technology company’s stock, valued at approximately $220,000.

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

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’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 completion of the sale, the chief executive officer owned 547,966 shares in the company, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price target on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. TD Cowen boosted their price target on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Citigroup lowered Generac from a “neutral” rating to a “negative” rating in a research note on Thursday, October 9th. Finally, Roth Capital boosted their price objective on Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.00.

Generac Trading Down 1.0%

NYSE GNRC opened at $190.67 on Friday. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 1.52 and a beta of 1.64. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The business has a 50 day moving average price of $182.26 and a 200-day moving average price of $150.84. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

About Generac

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.