EP Wealth Advisors LLC Purchases New Holdings in Generac Holdings Inc. $GNRC

EP Wealth Advisors LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,782 shares of the technology company's stock, valued at approximately $352,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac during the 1st quarter worth $28,000. Private Trust Co. NA grew its stake in shares of Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares in the last quarter. Colonial Trust Advisors increased its position in shares of Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after acquiring an additional 250 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Generac in the first quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Generac by 1,525.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after acquiring an additional 549 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on GNRC. Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their price target on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Roth Capital lifted their price target on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup reiterated a "neutral" rating and set a $219.00 price objective (up from $138.00) on shares of Generac in a research note on Tuesday, August 26th. Finally, TD Cowen boosted their target price on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

Generac Stock Performance

Shares of Generac stock traded down $3.16 during trading hours on Friday, reaching $184.70. The company's stock had a trading volume of 697,883 shares, compared to its average volume of 806,317. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company's 50 day simple moving average is $176.95 and its 200 day simple moving average is $143.24. 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 stock has a market cap of $10.84 billion, a P/E ratio of 30.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.63.

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

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the transaction, the chief executive officer owned 552,966 shares in the company, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

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.