1,635 Shares in Generac Holdings Inc. $GNRC Bought by Koshinski Asset Management Inc.

Key Points

• Koshinski Asset Management Inc. has acquired 1,635 shares of Generac Holdings Inc. for approximately $234,000, marking a new position for the firm during the second quarter.
• Generac's stock has experienced a decrease of 1.6% recently, with analysts maintaining a consensus rating of "Moderate Buy" and a price target of $185.47.
• Insider trading activity was noted as CEO Aaron Jagdfeld sold 5,000 shares of the company, reducing his holdings but still retaining a significant stake valued at approximately $91.74 million.

Koshinski Asset Management Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,635 shares of the technology company's stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pine Haven Investment Counsel Inc raised its holdings in shares of Generac by 2.7% during the second 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 grew its position in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Covestor Ltd grew its position in Generac by 16.2% in the first quarter. Covestor Ltd now owns 596 shares of the technology company's stock valued at $75,000 after purchasing an additional 83 shares in the last quarter. Fiduciary Alliance LLC grew its position in Generac by 4.1% in the second 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. Finally, Private Trust Co. NA grew its position in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Generac from $219.00 to $217.00 and set a "neutral" rating for the company in a research report on Tuesday. TD Cowen raised their target price on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of Generac from a "buy" rating to a "hold" rating in a research report on Sunday, September 28th. Stifel Nicolaus raised their target price on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Guggenheim decreased their target price on shares of Generac from $210.00 to $202.00 and set a "buy" rating for the company in a research report on Thursday, October 9th. Twelve investment 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's stock. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $185.47.

Generac Stock Down 1.6%

Shares of GNRC stock opened at $192.71 on Wednesday. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 1.56 and a beta of 1.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The firm's 50-day moving average is $182.14 and its 200-day moving average is $151.96. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. Generac's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

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.

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