Generac Holdings Inc. $GNRC Stake Increased by Ariel Investments LLC

Key Points

• Ariel Investments LLC increased its stake in Generac Holdings Inc. by 10.1%, now owning 1,615,878 shares worth approximately $204.65 million, making it the 13th largest position in its portfolio.
• Several hedge funds have also increased their positions in Generac, with 84.04% of the stock now owned by institutional investors.
• Wall Street analysts have mixed ratings on Generac, with price targets ranging from $174.56 to $219.00, and a consensus rating of a "Moderate Buy".

Ariel Investments LLC increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 10.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,615,878 shares of the technology company's stock after buying an additional 148,551 shares during the period. Generac comprises about 2.4% of Ariel Investments LLC's holdings, making the stock its 13th largest position. Ariel Investments LLC owned about 2.73% of Generac worth $204,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Generac by 1.1% during the 4th 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 during the period. Covestor Ltd lifted its holdings in shares of Generac by 16.2% during the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock worth $75,000 after acquiring an additional 83 shares during the period. Private Trust Co. NA lifted its holdings in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Generac by 13.1% during the 1st quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company's stock worth $100,000 after acquiring an additional 91 shares during the period. Finally, Nvwm LLC increased its position in Generac by 3.0% during the 1st quarter. Nvwm LLC now owns 3,451 shares of the technology company's stock worth $437,000 after purchasing an additional 99 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Generac Stock Up 1.7%

Shares of GNRC traded up $3.04 during mid-day trading on Friday, reaching $181.22. 642,738 shares of the stock traded hands, compared to its average volume of 792,653. The firm has a market cap of $10.63 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.43 and a beta of 1.63. The stock has a fifty day simple moving average of $173.40 and a 200 day simple moving average of $141.67. 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.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GNRC. Roth Capital increased their target price on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. TD Cowen increased their target price on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. UBS Group reissued a "buy" rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised shares of Generac from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. Finally, Wells Fargo & Company increased their target price on shares of Generac from $128.00 to $180.00 and gave the stock an "equal weight" 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 MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.56.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the sale, the chief executive officer owned 552,966 shares in the company, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.