Clifford Swan Investment Counsel LLC Makes New Investment in Generac Holdings Inc. $GNRC

Key Points

• Clifford Swan Investment Counsel LLC has acquired a new stake in Generac Holdings Inc., purchasing 14,010 shares valued at approximately $2 million during the second quarter.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac at an average price of $167.42, marking a 0.90% decrease in ownership, while insiders hold 2.70% of the company's stock.
• Generac's stock has seen a price target increase from JPMorgan Chase, now set at $196.00, while maintaining a consensus rating of "Moderate Buy" among analysts.

Clifford Swan Investment Counsel LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,010 shares of the technology company's stock, valued at approximately $2,006,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GNRC. Invesco Ltd. increased its position in shares of Generac by 25.3% during the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after purchasing an additional 285,388 shares in the last quarter. Jones Financial Companies Lllp increased its position in Generac by 5,071.6% during the 1st quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock valued at $31,701,000 after buying an additional 245,466 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Generac by 77.3% in the first quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock valued at $60,077,000 after buying an additional 206,311 shares during the last quarter. Nuveen LLC acquired a new stake in Generac in the first quarter worth about $23,375,000. Finally, Federated Hermes Inc. increased its holdings in shares of Generac by 51.0% during the first quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock valued at $58,048,000 after acquiring an additional 154,867 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's 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 sale, the chief executive officer directly owned 547,966 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Generac from $180.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Citigroup dropped their price target on Generac from $219.00 to $217.00 and set a "neutral" rating on the stock in a research note on Tuesday. Wells Fargo & Company increased their price objective on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Generac in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Generac from a "buy" rating to a "hold" rating in a report on Sunday, September 28th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $188.94.

Generac Stock Down 4.9%

GNRC stock opened at $183.14 on Thursday. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The firm's fifty day moving average is $181.74 and its 200 day moving average is $152.17. The firm has a market cap of $10.75 billion, a PE ratio of 30.42, a P/E/G ratio of 1.63 and a beta of 1.64.

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

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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