Generac Holdings Inc. $GNRC Shares Purchased by Grimes & Company Inc.

Grimes & Company Inc. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,219 shares of the technology company’s stock after buying an additional 751 shares during the period. Grimes & Company Inc. owned approximately 0.09% of Generac worth $7,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock valued at $929,000 after purchasing an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Generac during the 1st quarter valued at approximately $245,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after buying an additional 3,345 shares during the last quarter. Amundi lifted its stake in shares of Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after buying an additional 7,923 shares during the period. Finally, Integrity Alliance LLC. acquired a new stake in shares of Generac during the first quarter worth $299,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Down 2.4%

Generac stock opened at $165.84 on Monday. The business’s 50-day moving average price is $183.82 and its 200 day moving average price is $147.71. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.32 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.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. The business 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 quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value 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 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research analyst reports. Roth Capital raised their target price on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research note on Saturday, September 27th. Wells Fargo & Company upped their target price 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 upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a report on Tuesday, July 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $184.11.

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.