Aberdeen Group plc Sells 3,057 Shares of Generac Holdings Inc. $GNRC

Key Points

• Aberdeen Group plc reduced its stake in Generac Holdings Inc. by 45.5%, selling 3,057 shares and bringing its total holdings down to 3,666 shares valued at $525,000.
• Generac's CEO, Aaron Jagdfeld, sold 5,000 shares at an average price of $167.42, decreasing his ownership stake by 0.90%.
• Wall Street analysts have an average price target of $185.00 for Generac, with twelve analysts rating it a "Buy" while seven rated it a "Hold".

Aberdeen Group plc lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 45.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,666 shares of the technology company's stock after selling 3,057 shares during the period. Aberdeen Group plc's holdings in Generac were worth $525,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after purchasing an additional 137,363 shares during the period. Ariel Investments LLC boosted its stake in shares of Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock worth $204,651,000 after acquiring an additional 148,551 shares during the period. Invesco Ltd. boosted its stake in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after acquiring an additional 285,388 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Generac by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock worth $108,914,000 after acquiring an additional 131,460 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of Generac by 9.0% in the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock worth $102,873,000 after acquiring an additional 67,180 shares during the period. Institutional investors own 84.04% of the company's stock.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the sale, the chief executive officer directly owned 547,966 shares in the company, valued at $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Generac Price Performance

Shares of Generac stock opened at $190.67 on Friday. The stock has a 50 day moving average of $182.26 and a 200 day moving average of $150.84. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market cap of $11.19 billion, a PE ratio of 31.67, a PEG ratio of 1.52 and a beta of 1.64. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Canaccord Genuity Group dropped their price objective on Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Barclays dropped their price objective on Generac from $200.00 to $188.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. TD Cowen upped their price objective on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen lowered Generac from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and an average price target of $185.00.

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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