Generac Holdings Inc. $GNRC Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,026 shares of the technology company’s stock after selling 9,026 shares during the quarter. Russell Investments Group Ltd.’s holdings in Generac were worth $3,423,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after purchasing an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Generac during the first quarter worth approximately $245,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Generac by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after purchasing an additional 3,345 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Generac by 20.8% during the first quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company’s stock worth $217,000 after purchasing an additional 295 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY purchased a new stake in shares of Generac during the first quarter worth approximately $2,962,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer owned 562,966 shares of the company’s stock, valued at $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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 research report on Wednesday, July 30th. UBS Group reiterated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Janney Montgomery Scott upgraded Generac from a “neutral” rating to a “buy” rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their target price on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, TD Cowen upped their target price on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.06.

Generac Stock Performance

Shares of Generac stock opened at $194.3450 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 simple moving average is $163.03 and its 200-day simple moving average is $138.95. The firm has a market cap of $11.40 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Generac Company 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.