Ausbil Investment Management Ltd Invests $567,000 in Generac Holdings Inc. $GNRC

Key Points

• Ausbil Investment Management Ltd has acquired a new stake in Generac Holdings Inc., buying 3,961 shares valued at approximately $567,000 in the second quarter.
• Several institutional investors, including Vanguard Group and Ariel Investments, have increased their holdings in Generac, contributing to the company's over 84% institutional ownership.
• Generac reported a quarterly earnings per share of $1.65, exceeding analysts' expectations and showing a 6.3% increase in revenue compared to the previous year.

Ausbil Investment Management Ltd acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,961 shares of the technology company's stock, valued at approximately $567,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after purchasing an additional 137,363 shares during the last quarter. Ariel Investments LLC increased its holdings in Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock valued at $204,651,000 after purchasing an additional 148,551 shares during the last quarter. Invesco Ltd. increased its holdings in Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after purchasing an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Generac by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock valued at $108,914,000 after purchasing an additional 131,460 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in Generac by 9.0% in the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock valued at $102,873,000 after purchasing an additional 67,180 shares during the last quarter. Institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Generac Stock Up 2.5%

GNRC stock opened at $168.42 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The stock has a market capitalization of $9.88 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.35 and a beta of 1.63. The business has a 50-day moving average of $182.37 and a 200-day moving average of $146.36. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25.

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 for the quarter, topping the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

GNRC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Generac from $165.00 to $180.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a report on Sunday. Roth Capital increased their price target on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Citigroup restated a "neutral" rating and issued a $219.00 price target (up from $138.00) on shares of Generac in a report on Tuesday, August 26th. Finally, Canaccord Genuity Group lowered their price target on Generac from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and an average target price of $184.11.

About Generac

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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