Generac Holdings Inc. $GNRC Holdings Boosted by Leavell Investment Management Inc.

Leavell Investment Management Inc. boosted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 43.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,800 shares of the technology company’s stock after buying an additional 842 shares during the quarter. Leavell Investment Management Inc.’s holdings in Generac were worth $401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. Cambridge Investment Research Advisors Inc. grew its position in Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after purchasing an additional 3,345 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Generac by 20.8% in the first quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company’s stock worth $217,000 after acquiring an additional 295 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Generac in the first quarter worth $245,000. Creative Financial Designs Inc. ADV increased its stake in shares of Generac by 103.9% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,142 shares of the technology company’s stock worth $145,000 after acquiring an additional 582 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after acquiring an additional 1,195 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Down 0.7%

Generac stock opened at $190.60 on Tuesday. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 1.62 and a beta of 1.64. 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 Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The firm has a fifty day moving average price of $181.26 and a two-hundred day moving average price of $154.49.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current 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 shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Stifel Nicolaus upped their price target on shares of Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. UBS Group reaffirmed a “buy” rating and issued a $220.00 price objective (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. TD Cowen lifted their price objective on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.94.

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.