US Bancorp DE Sells 860 Shares of Generac Holdings Inc. $GNRC

US Bancorp DE lowered its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,153 shares of the technology company’s stock after selling 860 shares during the period. US Bancorp DE’s holdings in Generac were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 buying an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Generac during the first quarter worth about $245,000. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 buying an additional 3,345 shares during the last quarter. Amundi boosted its holdings in Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after buying an additional 7,923 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new position in Generac during the first quarter worth about $299,000. Institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.3%

Shares of Generac stock opened at $192.32 on Friday. The business’s 50 day simple moving average is $182.38 and its 200 day simple moving average is $150.24. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The firm has a market cap of $11.29 billion, a PE ratio of 31.95, a P/E/G ratio of 1.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.32. The firm 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%.The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. On average, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

GNRC has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Guggenheim cut their price objective on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Barclays cut their price objective on Generac from $200.00 to $188.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Wells Fargo & Company lifted their price objective on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $185.00.

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.