Aberdeen Group plc trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 25.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,723 shares of the technology company's stock after selling 2,286 shares during the quarter. Aberdeen Group plc's holdings in Generac were worth $846,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in GNRC. Invesco Ltd. lifted its stake in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after purchasing an additional 285,388 shares during the last quarter. DAVENPORT & Co LLC increased its position in Generac by 77.3% during the 1st quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock valued at $60,077,000 after buying an additional 206,311 shares in the last quarter. Nuveen LLC acquired a new position in Generac during the 1st quarter valued at about $23,375,000. Federated Hermes Inc. increased its position in Generac by 51.0% during the 1st quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock valued at $58,048,000 after buying an additional 154,867 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Generac by 27.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock valued at $110,544,000 after buying an additional 153,141 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GNRC has been the topic of several recent analyst reports. Roth Capital upped their target price on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company upped their target price on 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 upped their target price on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, TD Securities reduced their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $170.06.
Get Our Latest Stock Analysis on GNRC
Insider Buying and Selling at Generac
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares of the company's stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.70% of the company's stock.
Generac Stock Up 0.4%
Shares of GNRC stock opened at $190.4460 on Friday. The stock's 50-day simple moving average is $161.64 and its 200-day simple moving average is $138.61. 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 has a market capitalization of $11.17 billion, a PE ratio of 31.64, a P/E/G ratio of 1.52 and a beta of 1.68. 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 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. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The company's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.
Generac Profile
(
Free Report)
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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