IMA Advisory Services Inc. Buys 499 Shares of Generac Holdings Inc. $GNRC

IMA Advisory Services Inc. raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,383 shares of the technology company’s stock after buying an additional 499 shares during the period. IMA Advisory Services Inc.’s holdings in Generac were worth $1,057,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GNRC. Integrity Alliance LLC. purchased a new position in shares of Generac during the 1st quarter valued at $299,000. Amundi lifted its position in shares of Generac by 8.2% in the first quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after acquiring an additional 7,923 shares in the last quarter. Epoch Investment Partners Inc. grew its position in shares of Generac by 169.1% during the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock worth $2,587,000 after purchasing an additional 12,833 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Generac by 30.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock valued at $7,600,000 after purchasing an additional 13,842 shares during the period. Finally, Nuveen LLC purchased a new position in Generac in the 1st quarter worth approximately $23,375,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at $90,365,831.38. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 15,000 shares of company stock valued at $2,575,300 in the last ninety days. 2.70% of the stock is owned by company insiders.

Generac Trading Up 0.8%

GNRC opened at $156.48 on Tuesday. The stock has a 50-day moving average of $176.25 and a 200 day moving average of $158.61. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market cap of $9.18 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.53 and a beta of 1.69.

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

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of Generac from $217.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Needham & Company LLC started coverage on shares of Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Stifel Nicolaus raised 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. Finally, JPMorgan Chase & Co. boosted their target price on Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $191.06.

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.