Applied Finance Capital Management LLC Invests $220,000 in Generac Holdings Inc. $GNRC

Key Points

• Applied Finance Capital Management LLC has invested $220,000 in Generac Holdings Inc. by purchasing 1,538 shares during the second quarter, according to a recent SEC filing.
• Generac reported earnings of $1.65 per share in its last quarterly results, surpassing analysts' expectations of $1.33, with a revenue increase of 6.3% year-over-year.
• Institutional investors now hold 84.04% of Generac's stock, indicating strong confidence from larger investment firms in the company's performance.

Applied Finance Capital Management LLC purchased a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,538 shares of the technology company's stock, valued at approximately $220,000.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 worth $929,000 after purchasing an additional 1,195 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Generac in the first quarter worth $245,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after purchasing an additional 3,345 shares during the period. Integrity Alliance LLC. bought a new position in shares of Generac in the first quarter worth $299,000. Finally, Amundi increased its position in shares of Generac by 8.2% in the first quarter. Amundi now owns 105,038 shares of the technology company's stock worth $12,147,000 after purchasing an additional 7,923 shares during the period. Institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC stock opened at $190.67 on Friday. The business's 50-day moving average price is $182.26 and its 200-day moving average price is $150.84. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market capitalization 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 current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50.

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

Analyst Ratings Changes

A number of brokerages recently commented on GNRC. Wall Street Zen cut Generac from a "buy" rating to a "hold" rating in a research report on Sunday, September 28th. UBS Group reaffirmed a "buy" rating and issued a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. TD Cowen raised their price objective on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Roth Capital raised their price objective on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $185.00.

Insider Activity at Generac

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 value of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares of the company's stock, valued at $91,740,467.72. The trade was a 0.90% 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. 2.70% of the stock is currently owned by corporate 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.

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