Bessemer Group Inc. Sells 3,813 Shares of Generac Holdings Inc. $GNRC

Bessemer Group Inc. decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 53.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,317 shares of the technology company’s stock after selling 3,813 shares during the period. Bessemer Group Inc.’s holdings in Generac were worth $475,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Integrity Alliance LLC. purchased a new position in Generac during the first quarter valued at approximately $299,000. Amundi lifted its position in Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after purchasing an additional 7,923 shares during the period. Epoch Investment Partners Inc. increased its holdings in Generac by 169.1% in the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock valued at $2,587,000 after buying an additional 12,833 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Generac by 37.3% in the first quarter. Acadian Asset Management LLC now owns 10,429 shares of the technology company’s stock valued at $1,320,000 after buying an additional 2,834 shares in the last quarter. Finally, CapWealth Advisors LLC increased its stake in shares of Generac by 14.4% during the first quarter. CapWealth Advisors LLC now owns 51,505 shares of the technology company’s stock worth $6,523,000 after purchasing an additional 6,465 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Transactions at Generac

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 value of $837,100.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Generac Stock Performance

Shares of NYSE GNRC opened at $168.02 on Monday. The company has a market cap of $9.86 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88. The company has a 50-day simple moving average of $179.89 and a 200-day simple moving average of $156.63.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $240.00 target price on shares of Generac in a research report on Thursday. Roth Capital set a $184.00 price objective on shares of Generac and gave the stock a “neutral” rating in a research report on Thursday. Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.61.

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.