Vanguard Personalized Indexing Management LLC Sells 680 Shares of Generac Holdings Inc. $GNRC

Vanguard Personalized Indexing Management LLC reduced its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,349 shares of the technology company’s stock after selling 680 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Generac were worth $766,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac during the first quarter valued at about $28,000. Creative Capital Management Investments LLC lifted its position in shares of Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Generac during the second quarter valued at about $36,000. Finally, Private Trust Co. NA lifted its position in shares of Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GNRC. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Guggenheim lowered their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Canaccord Genuity Group lowered their price objective on shares of Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Stifel Nicolaus lifted their price objective 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 investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.00.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by company insiders.

Generac Stock Performance

NYSE GNRC opened at $195.96 on Tuesday. The company’s 50 day moving average is $182.25 and its 200-day moving average is $151.67. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. 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 market cap of $11.50 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

About Generac

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.