AlphaQuest LLC Sells 5,776 Shares of Generac Holdings Inc. $GNRC

Key Points

• AlphaQuest LLC has significantly decreased its stake in Generac Holdings Inc. by 69.5%, now holding shares worth $320,000 after selling 5,776 shares.
• Several other institutional investors have increased their holdings, with MML Investors Services LLC boosting its position by 64% during the last quarter.
• Analyst ratings for Generac reflect optimism, with 13 analysts giving the stock a Buy rating and target prices ranging up to $200.

AlphaQuest LLC lowered its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 69.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,530 shares of the technology company's stock after selling 5,776 shares during the quarter. AlphaQuest LLC's holdings in Generac were worth $320,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after acquiring an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Generac in the first quarter valued at $245,000. Cambridge Investment Research Advisors Inc. lifted its stake in Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after acquiring an additional 3,345 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Generac by 20.8% in the first quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company's stock valued at $217,000 after acquiring an additional 295 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new stake in Generac in the first quarter valued at $2,962,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

NYSE:GNRC traded down $7.06 during mid-day trading on Tuesday, reaching $178.19. 469,931 shares of the company's stock were exchanged, compared to its average volume of 929,016. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The firm has a market capitalization of $10.46 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.48 and a beta of 1.63. The business's fifty day simple moving average is $170.33 and its two-hundred day simple moving average is $140.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00.

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

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $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 through the SEC website. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

GNRC has been the subject of a number of recent analyst reports. UBS Group reiterated a "buy" rating and issued a $220.00 price target (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. TD Cowen raised their target price on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their target price on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Guggenheim upgraded shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upgraded shares of Generac from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $56.00 to $68.00 in a research note on Monday, August 11th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

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.