Apollon Wealth Management LLC Purchases New Position in Generac Holdings Inc. $GNRC

Apollon Wealth Management LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,403 shares of the technology company’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB raised its position in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac in the first quarter valued at approximately $28,000. Creative Capital Management Investments LLC increased its position in shares of 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 in the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Generac in the second quarter valued at approximately $36,000. Finally, Private Trust Co. NA increased its position in shares of 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 in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Guggenheim cut their price objective on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. UBS Group restated a “buy” rating and issued a $220.00 price objective (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Finally, Citigroup cut Generac from a “neutral” rating to a “negative” rating in a research report on Thursday, October 9th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.00.

Generac Stock Performance

Shares of NYSE:GNRC opened at $190.67 on Monday. 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 business’s 50 day moving average price is $182.26 and its 200-day moving average price is $151.08. The firm has a market capitalization of $11.19 billion, a PE ratio of 31.67, a P/E/G ratio of 1.52 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.

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

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’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 owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

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.