Charles Schwab Investment Management Inc. Acquires 8,368 Shares of Generac Holdings Inc. $GNRC

Charles Schwab Investment Management Inc. grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 586,290 shares of the technology company’s stock after buying an additional 8,368 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.00% of Generac worth $83,963,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GNRC. Integrity Alliance LLC. purchased a new position in Generac during the 1st quarter valued at $299,000. Amundi boosted its stake in shares of Generac by 8.2% during the 1st 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 in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Generac by 169.1% during 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 during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Generac by 30.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock worth $7,600,000 after buying an additional 13,842 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Generac in the first quarter worth about $23,375,000. Institutional investors own 84.04% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GNRC shares. UBS Group reduced their target price on Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. JPMorgan Chase & Co. increased their price objective on Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Needham & Company LLC began coverage on shares of Generac in a report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 target price on the stock. Finally, Roth Capital set a $184.00 price target on shares of Generac and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Thirteen equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $191.06.

Generac Trading Up 2.3%

NYSE GNRC opened at $152.20 on Friday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average price is $166.89 and its 200-day moving average price is $161.41. The stock has a market cap of $8.93 billion, a P/E ratio of 28.99, a P/E/G ratio of 1.53 and a beta of 1.69.

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