Generac Holdings Inc. $GNRC Stock Position Raised by Signaturefd LLC

Signaturefd LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 17.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 664 shares of the technology company’s stock after purchasing an additional 101 shares during the period. Signaturefd LLC’s holdings in Generac were worth $95,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Generac during the first quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new stake in Generac in the 2nd quarter worth about $36,000. Private Trust Co. NA boosted 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 period. Finally, Colonial Trust Advisors grew its stake in Generac by 357.1% during the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock valued at $41,000 after acquiring an additional 250 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the sale, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at $91,740,467.72. This trade represents a 0.90% 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 own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GNRC shares. UBS Group restated a “buy” rating and set a $220.00 price target (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Barclays set a $200.00 price target on Generac and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. TD Cowen increased their price target on shares of Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Citigroup reaffirmed a “neutral” rating and issued a $219.00 price objective (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. Finally, Stifel Nicolaus increased their target price on shares of Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and an average price target of $184.11.

Generac Trading Down 2.4%

Shares of Generac stock opened at $165.84 on Friday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The company’s fifty day simple moving average is $183.82 and its 200-day simple moving average is $147.61. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 1.32 and a beta of 1.64. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50.

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