iA Global Asset Management Inc. Sells 2,119 Shares of Generac Holdings Inc. $GNRC

iA Global Asset Management Inc. cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 75.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 680 shares of the technology company’s stock after selling 2,119 shares during the period. iA Global Asset Management Inc.’s holdings in Generac were worth $97,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meridian Management Co. increased its holdings in shares of Generac by 8.7% during the second quarter. Meridian Management Co. now owns 34,543 shares of the technology company’s stock valued at $4,947,000 after acquiring an additional 2,758 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of Generac by 3.6% during the second quarter. Geneva Capital Management LLC now owns 21,334 shares of the technology company’s stock valued at $3,055,000 after buying an additional 748 shares during the last quarter. AdvisorShares Investments LLC purchased a new stake in shares of Generac during the second quarter valued at $44,000. Strs Ohio boosted its position in shares of Generac by 8.6% during the second quarter. Strs Ohio now owns 8,501 shares of the technology company’s stock valued at $1,217,000 after buying an additional 672 shares during the last quarter. Finally, Atria Investments Inc boosted its position in shares of Generac by 12.8% during the second quarter. Atria Investments Inc now owns 2,808 shares of the technology company’s stock valued at $402,000 after buying an additional 318 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 directly 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by insiders.

Generac Stock Down 4.3%

GNRC stock opened at $156.64 on Wednesday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.19 billion, a P/E ratio of 29.84, a PEG ratio of 1.53 and a beta of 1.64. The business’s 50-day moving average price is $178.64 and its 200-day moving average price is $157.31.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The firm’s quarterly revenue was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen increased their price objective on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research report 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, UBS Group lowered their price target on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Thirteen equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.06.

Generac 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.