UniSuper Management Pty Ltd Boosts Stake in Generac Holdings Inc. $GNRC

UniSuper Management Pty Ltd grew its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 24.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,214 shares of the technology company’s stock after acquiring an additional 2,365 shares during the period. UniSuper Management Pty Ltd’s holdings in Generac were worth $1,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Generac during the 1st quarter worth approximately $28,000. Private Trust Co. NA grew its position in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after buying an additional 90 shares during the period. Colonial Trust Advisors grew its position in shares of Generac by 357.1% in the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock worth $41,000 after buying an additional 250 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Generac in the 1st quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Generac by 1,525.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company’s stock worth $74,000 after buying an additional 549 shares during the period. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the sale, the chief executive officer owned 552,966 shares of the company’s stock, valued at $100,202,968.86. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

Generac Price Performance

Shares of GNRC opened at $184.92 on Thursday. The company has a market capitalization of $10.85 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.63. 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 50 day moving average of $175.59 and a 200 day moving average of $142.58. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GNRC. Wells Fargo & Company raised their target price on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a research note on Monday, September 1st. JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and raised their target price for the company from $56.00 to $68.00 in a research note on Monday, August 11th. Stifel Nicolaus raised their target price 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. Finally, TD Cowen raised their target price on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.