58,390 Shares in Generac Holdings Inc. $GNRC Acquired by Decade Renewable Partners LP

Key Points

• Decade Renewable Partners LP purchased 58,390 shares of Generac Holdings Inc. for approximately $7.4 million, making it the firm's 6th largest investment at about 5.6% of their portfolio.
• Multiple large investors, including DRW Securities and Canada Pension Plan Investment Board, have also increased their positions in Generac, with institutional investors owning 84.04% of the stock.
• Analysts have a consensus rating of "Moderate Buy" for Generac, with a current average price target of $174.56 and several firms raising their price objectives recently.

Decade Renewable Partners LP acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 58,390 shares of the technology company's stock, valued at approximately $7,395,000. Generac comprises 5.6% of Decade Renewable Partners LP's investment portfolio, making the stock its 6th biggest holding. Decade Renewable Partners LP owned about 0.10% of Generac as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac during the first quarter worth about $28,000. Private Trust Co. NA increased its position in Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Colonial Trust Advisors raised its stake in 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 purchasing an additional 250 shares during the period. New Age Alpha Advisors LLC acquired a new position in Generac in the 1st quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in 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 valued at $74,000 after acquiring an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC traded down $4.43 during mid-day trading on Wednesday, hitting $175.08. 788,926 shares of the company's stock were exchanged, compared to its average volume of 791,939. The business's 50 day moving average is $171.91 and its two-hundred day moving average is $141.19. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $10.27 billion, a P/E ratio of 23.27, a P/E/G ratio of 1.48 and a beta of 1.63. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The business's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Generac from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. Wells Fargo & Company raised their price target on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. TD Cowen increased their price target on 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 Generac from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $174.56.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the transaction, the chief executive officer directly owned 552,966 shares of the company's stock, valued at $100,202,968.86. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.70% of the company's stock.

Generac Company 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.