Franklin Resources Inc. Decreases Stock Holdings in Generac Holdings Inc. $GNRC

Franklin Resources Inc. lowered its stake in Generac Holdings Inc. (NYSE:GNRC) by 32.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,133 shares of the technology company’s stock after selling 21,325 shares during the quarter. Franklin Resources Inc. owned 0.08% of Generac worth $6,320,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after buying an additional 77 shares during the period. Creative Capital Management Investments LLC increased its position in 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 acquiring an additional 200 shares during the last quarter. Legend Financial Advisors Inc. bought a new position in Generac in the second quarter valued at about $36,000. AdvisorShares Investments LLC purchased a new position in Generac in the second quarter worth about $44,000. Finally, Colonial Trust Advisors grew its stake in shares of Generac by 357.1% during the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock valued at $41,000 after purchasing an additional 250 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $90,365,831.38. This trade 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 over the last three months. Corporate insiders own 2.70% of the company’s stock.

Generac Stock Performance

Shares of NYSE GNRC opened at $152.20 on Monday. The stock has a market cap of $8.93 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The firm has a fifty day moving average price of $166.89 and a 200-day moving average price of $161.64. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company posted $2.25 EPS. The company’s quarterly revenue was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GNRC shares. 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 note on Thursday, October 9th. Barclays upped their target price on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. upped their price objective on Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Finally, Needham & Company LLC initiated coverage on Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 target price on the stock. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.06.

Generac 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.