Baird Financial Group Inc. Sells 25,670 Shares of Generac Holdings Inc. $GNRC

Key Points

• Baird Financial Group Inc. reduced its stake in Generac Holdings by 32.4%, selling 25,670 shares, bringing its ownership down to about 53,574 shares valued at approximately $6.79 million.
• Several institutional investors increased their stakes in Generac during the first quarter, with Caitong International Asset Management raising its position by an impressive 1,525.0%.
• Analysts have set new price targets for Generac, with Citigroup raising its target to $219.00 while maintaining a "neutral" rating, amidst a consensus rating of "Moderate Buy" among thirteen equity research analysts.

Baird Financial Group Inc. lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 32.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,574 shares of the technology company's stock after selling 25,670 shares during the period. Baird Financial Group Inc. owned about 0.09% of Generac worth $6,785,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Generac in the 1st quarter valued at $28,000. Private Trust Co. NA boosted its position in 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 purchasing an additional 90 shares during the period. Colonial Trust Advisors boosted its position in Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after purchasing an additional 250 shares during the period. New Age Alpha Advisors LLC bought a new position in Generac during the first quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Generac by 1,525.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after purchasing an additional 549 shares during the period. Institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

GNRC has been the topic of a number of recent research reports. Citigroup reiterated a "neutral" rating and set a $219.00 target price (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. 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. Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the stock an "equal weight" 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 stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $56.00 to $68.00 in a research note on Monday, August 11th. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $174.56.

Generac Trading Down 2.5%

Shares of GNRC stock opened at $175.08 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company has a market cap of $10.27 billion, a PE ratio of 29.08, a P/E/G ratio of 1.48 and a beta of 1.63. The stock's fifty day moving average price is $171.91 and its two-hundred day moving average price is $141.19.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.70% of the company's stock.

Generac Company 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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