Generac Holdings Inc. $GNRC Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 52.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 225,968 shares of the technology company’s stock after selling 253,597 shares during the quarter. Blair William & Co. IL owned 0.38% of Generac worth $32,361,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gagnon Securities LLC boosted its stake in Generac by 6.0% during the second quarter. Gagnon Securities LLC now owns 68,189 shares of the technology company’s stock valued at $9,765,000 after buying an additional 3,859 shares in the last quarter. Guild Investment Management Inc. acquired a new stake in Generac in the 2nd quarter valued at about $1,916,000. Kingswood Wealth Advisors LLC boosted its position in shares of Generac by 35.5% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 2,400 shares of the technology company’s stock valued at $344,000 after purchasing an additional 629 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Generac by 6.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,400 shares of the technology company’s stock worth $1,776,000 after purchasing an additional 800 shares during the last quarter. Finally, True Vision MN LLC raised its holdings in shares of Generac by 3.5% in the 2nd quarter. True Vision MN LLC now owns 3,222 shares of the technology company’s stock worth $461,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 547,966 shares in the company, valued at $91,740,467.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Generac Trading Up 0.2%

Shares of NYSE GNRC opened at $171.72 on Friday. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The business has a 50-day moving average price of $183.62 and a two-hundred day moving average price of $148.46. The firm has a market capitalization of $10.08 billion, a PE ratio of 28.52, a PEG ratio of 1.37 and a beta of 1.64.

Generac (NYSE:GNRC) last issued its 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. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on GNRC shares. UBS Group reissued a “buy” rating and set a $220.00 target price (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Stifel Nicolaus increased their price objective on Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Roth Capital raised their price objective on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. TD Cowen lifted their target price on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on Generac from $165.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.11.

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.