AlphaQuest LLC Grows Stock Position in Generac Holdings Inc. $GNRC

AlphaQuest LLC raised its holdings in Generac Holdings Inc. (NYSE:GNRC) by 11.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,821 shares of the technology company’s stock after buying an additional 291 shares during the quarter. AlphaQuest LLC’s holdings in Generac were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock worth $878,053,000 after purchasing an additional 137,363 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock worth $204,651,000 after purchasing an additional 148,551 shares during the last quarter. Invesco Ltd. raised its stake in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock worth $179,148,000 after purchasing an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Generac by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock worth $108,914,000 after purchasing an additional 131,460 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in shares of Generac by 9.0% in the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company’s stock worth $102,873,000 after purchasing an additional 67,180 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Down 5.1%

Generac stock opened at $180.36 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 52 week low of $99.50 and a 52 week high of $203.25. The business’s 50-day moving average price is $180.91 and its 200 day moving average price is $155.56. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 29.96, a price-to-earnings-growth ratio of 1.61 and a beta of 1.64.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business posted $2.25 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the sale, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Guggenheim reduced their price objective on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Zacks Research lowered Generac from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Canaccord Genuity Group dropped their target price on Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Thirteen 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $188.94.

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.