Amundi Grows Stock Holdings in Generac Holdings Inc. $GNRC

Key Points

• Amundi's Stake Increase: Amundi increased its stake in Generac Holdings Inc. by 8.2% in Q1, totaling 105,038 shares valued at approximately $12.15 million.
• Analyst Ratings: Generac has received positive ratings from several analysts, with UBS and Guggenheim recently raising their target prices to $220.00 and $190.00, respectively.
• Insider Activity: CEO Aaron Jagdfeld sold 5,000 shares of Generac at an average price of $181.21, reducing his ownership by 0.90% while still holding a significant stake of 552,966 shares.

Amundi increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,038 shares of the technology company's stock after buying an additional 7,923 shares during the period. Amundi owned 0.18% of Generac worth $12,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Generac by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after acquiring an additional 72 shares in the last quarter. Covestor Ltd increased its position in shares of Generac by 16.2% during the first quarter. Covestor Ltd now owns 596 shares of the technology company's stock worth $75,000 after acquiring an additional 83 shares in the last quarter. 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 acquiring an additional 90 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Generac by 13.1% during the first quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company's stock worth $100,000 after acquiring an additional 91 shares in the last quarter. Finally, Nvwm LLC increased its position in shares of Generac by 3.0% during the first quarter. Nvwm LLC now owns 3,451 shares of the technology company's stock worth $437,000 after acquiring an additional 99 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Down 1.7%

Generac stock traded down $3.16 during trading hours on Friday, reaching $184.70. The stock had a trading volume of 697,883 shares, compared to its average volume of 806,317. The company has a fifty day simple moving average of $176.95 and a 200-day simple moving average of $143.24. The stock has a market cap of $10.84 billion, a PE ratio of 30.68, a PEG ratio of 1.50 and a beta of 1.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the company posted $1.35 EPS. Generac's revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stephens reissued an "overweight" rating and set a $175.00 target price on shares of Generac in a research report on Tuesday, May 27th. Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Tuesday, July 29th. Stifel Nicolaus upped their price objective on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Barclays set a $200.00 target price on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen downgraded shares of Generac from a "buy" rating to a "hold" rating in a research report on Monday, September 1st. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and a consensus target price of $174.56.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 2nd. The shares were 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 of the company's stock, valued at $100,202,968.86. This trade represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.