Public Employees Retirement System of Ohio Acquires 282 Shares of Generac Holdings Inc. $GNRC

Public Employees Retirement System of Ohio increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,508 shares of the technology company’s stock after acquiring an additional 282 shares during the period. Public Employees Retirement System of Ohio’s holdings in Generac were worth $2,794,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Generac during the 1st quarter worth approximately $28,000. Private Trust Co. NA grew its position in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after acquiring an additional 90 shares during the last quarter. Colonial Trust Advisors lifted its holdings in Generac by 357.1% during 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 in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Generac during the 1st quarter worth $54,000. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

GNRC stock opened at $167.90 on Thursday. 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 Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The business’s fifty day moving average is $183.32 and its 200-day moving average is $147.03. The company has a market cap of $9.85 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

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

Insider Activity at Generac

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

Analyst Ratings Changes

GNRC has been the topic of several research reports. Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. upped their price objective on Generac from $165.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Barclays set a $200.00 price objective on Generac and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Roth Capital upped their price objective on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Canaccord Genuity Group reduced their price objective on Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.11.

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.