Osprey Private Wealth LLC Takes $206,000 Position in Generac Holdings Inc. $GNRC

Osprey Private Wealth LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,350 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds have also added to or reduced their stakes in GNRC. Invesco Ltd. lifted its holdings in Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock worth $179,148,000 after purchasing an additional 285,388 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Generac by 5,071.6% during the 1st quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company’s stock worth $31,701,000 after purchasing an additional 245,466 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in Generac by 77.3% during the 1st quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company’s stock worth $60,077,000 after purchasing an additional 206,311 shares during the last quarter. Nuveen LLC acquired a new stake in Generac during the 1st quarter worth approximately $23,375,000. Finally, Federated Hermes Inc. lifted its holdings in Generac by 51.0% during the 1st quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company’s stock worth $58,048,000 after purchasing an additional 154,867 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the transaction, the chief executive officer directly owned 552,966 shares of the company’s stock, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

Generac Trading Down 1.7%

Shares of GNRC opened at $184.70 on Friday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The business’s fifty day moving average is $176.95 and its 200-day moving average is $143.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.50 and a beta of 1.63.

Generac (NYSE:GNRC) last issued its quarterly earnings data 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 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%.Generac’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the subject of several research reports. Barclays set a $200.00 price target on Generac and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. 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. Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Stephens restated an “overweight” rating and set a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. Finally, Stifel Nicolaus raised their price objective on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.56.

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.