Generac Holdings Inc. $GNRC Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Generac Holdings Inc. by 37.3%, bringing its total holdings to $1.32 million.
• Shares of Generac traded up 1.5%, reaching $184.06, with significant trading volume and upcoming earnings expected to highlight its recent financial performance.
• Insider activity included CEO Aaron Jagdfeld selling 5,000 shares for over $900,000, indicating some movement within the company's leadership holdings.

Acadian Asset Management LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 37.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,429 shares of the technology company's stock after purchasing an additional 2,834 shares during the quarter. Acadian Asset Management LLC's holdings in Generac were worth $1,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Generac by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after acquiring an additional 72 shares during the period. Covestor Ltd raised its stake in shares of Generac by 16.2% in the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock valued at $75,000 after acquiring an additional 83 shares during the period. Private Trust Co. NA raised its stake in shares of Generac by 42.9% in the 1st 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 during the period. First Horizon Advisors Inc. raised its stake in shares of Generac by 13.1% in the 1st quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company's stock valued at $100,000 after acquiring an additional 91 shares during the period. Finally, Nvwm LLC raised its stake in shares of Generac by 3.0% in the 1st quarter. Nvwm LLC now owns 3,451 shares of the technology company's stock valued at $437,000 after acquiring an additional 99 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value 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. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company's stock.

Generac Stock Down 1.2%

NYSE GNRC traded down $2.27 on Friday, hitting $181.77. 1,594,929 shares of the stock were exchanged, compared to its average volume of 807,752. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company has a market cap of $10.67 billion, a PE ratio of 30.19, a PEG ratio of 1.46 and a beta of 1.63. The company has a 50-day moving average price of $180.24 and a 200-day moving average price of $145.14.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly 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. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The firm's revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a "neutral" rating and issued a $219.00 price target (up from $138.00) on shares of Generac in a research note on Tuesday, August 26th. TD Cowen boosted their price target on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus lifted their price objective on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Roth Capital lifted their price objective on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $180.78.

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.