Atlantic Union Bankshares Corp Takes $1.32 Million Position in Generac Holdings Inc. $GNRC

Atlantic Union Bankshares Corp acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,217 shares of the technology company’s stock, valued at approximately $1,320,000.

Several other large investors have also added to or reduced their stakes in the stock. New York Life Investment Management LLC boosted its position in shares of Generac by 0.7% in the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock valued at $1,135,000 after acquiring an additional 58 shares during the period. Pine Haven Investment Counsel Inc increased its holdings in Generac by 2.7% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company’s stock worth $410,000 after acquiring an additional 75 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Covestor Ltd boosted its holdings in Generac by 16.2% in the 1st quarter. Covestor Ltd now owns 596 shares of the technology company’s stock valued at $75,000 after purchasing an additional 83 shares during the period. Finally, Fiduciary Alliance LLC grew its position in shares of Generac by 4.1% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,259 shares of the technology company’s stock valued at $324,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

NYSE GNRC opened at $155.29 on Friday. The company has a 50-day simple moving average of $176.82 and a two-hundred day simple moving average of $157.64. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.53 and a beta of 1.69. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last released 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). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. Generac has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 15,000 shares of company stock valued at $2,575,300 in the last ninety days. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent analyst reports. Guggenheim lowered their price objective on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. Roth Capital set a $184.00 price target on Generac and gave the company a “neutral” rating in a report on Thursday, October 30th. Citigroup dropped their price target on Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Stifel Nicolaus boosted their price objective on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company raised their target price on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.06.

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.