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Apollon Wealth Management LLC Acquires New Holdings in Generac Holdings Inc. $GNRC

Generac logo with Industrials background

Key Points

  • Apollon Wealth Management LLC has acquired a new stake in Generac Holdings Inc., purchasing 1,403 shares during the second quarter, valued at approximately $201,000.
  • Generac recently reported a quarterly earnings per share (EPS) of $1.65, exceeding estimates and showing a revenue increase of 6.3% compared to the same period last year.
  • A number of institutional investors have increased their positions in Generac, with institutional ownership of the company's stock now at 84.04%.
  • MarketBeat previews the top five stocks to own by November 1st.

Apollon Wealth Management LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,403 shares of the technology company's stock, valued at approximately $201,000.

A number of other institutional investors also recently added to or reduced their stakes in GNRC. MassMutual Private Wealth & Trust FSB boosted its position in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after purchasing an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac in the first quarter valued at about $28,000. Creative Capital Management Investments LLC raised its stake in Generac by 740.7% in the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock valued at $33,000 after buying an additional 200 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in Generac in the second quarter valued at about $36,000. Finally, Private Trust Co. NA raised its stake in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Generac Trading Down 1.0%

Shares of NYSE:GNRC opened at $190.67 on Monday. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 1.52 and a beta of 1.64. 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 business has a 50-day moving average price of $182.26 and a 200-day moving average price of $151.08.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the business posted $1.35 earnings per share. The company'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. Equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Roth Capital increased their price target on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company increased their price target on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. UBS Group reiterated a "buy" rating and issued a $220.00 price target (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Generac in a research note on Wednesday, October 8th. Finally, Barclays decreased their price target 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. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $185.00.

Get Our Latest Stock Report on GNRC

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 completion of the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.70% of the company's stock.

About Generac

(Free Report)

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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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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