Alliancebernstein L.P. Increases Stock Position in Generac Holdings Inc. $GNRC

Alliancebernstein L.P. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 21.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,660 shares of the technology company's stock after purchasing an additional 79,183 shares during the period. Alliancebernstein L.P. owned about 0.76% of Generac worth $56,949,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GNRC. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac during the 1st quarter worth approximately $28,000. Private Trust Co. NA increased its position 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 worth $38,000 after purchasing 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 purchasing an additional 250 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Generac during the first quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Generac by 1,525.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after purchasing an additional 549 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GNRC shares. Wells Fargo & Company upped their target price on shares of Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Stephens reaffirmed an "overweight" rating and set a $175.00 price objective on shares of Generac in a research note on Tuesday, May 27th. UBS Group reaffirmed a "buy" rating and set a $220.00 price objective (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Roth Capital upped their price objective on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, TD Cowen upped 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. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $174.56.

Generac Trading Down 0.7%

Shares of Generac stock traded down $1.34 during mid-day trading on Friday, hitting $186.53. The stock had a trading volume of 211,484 shares, compared to its average volume of 925,647. The firm has a 50-day moving average of $176.30 and a two-hundred day moving average of $142.92. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm has a market cap of $10.95 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 1.48 and a beta of 1.63.

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

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 directly owned 552,966 shares in the company, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company's stock.

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.