CreativeOne Wealth LLC Makes New Investment in Generac Holdings Inc. $GNRC

Key Points

• CreativeOne Wealth LLC has established a new position in Generac Holdings Inc., purchasing 2,014 shares valued at approximately $255,000.
• Several other institutional investors have also increased their holdings in Generac, with 84.04% of the stock now owned by hedge funds and other institutional investors.
• Generac's stock is currently rated as a "Moderate Buy" by analysts, with a consensus target price of $174.56.

CreativeOne Wealth LLC bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,014 shares of the technology company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Epoch Investment Partners Inc. lifted its stake in shares of Generac by 169.1% during the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company's stock worth $2,587,000 after purchasing an additional 12,833 shares in the last quarter. Comerica Bank increased its holdings in Generac by 21.4% in the first quarter. Comerica Bank now owns 33,411 shares of the technology company's stock valued at $4,231,000 after buying an additional 5,898 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in Generac by 87.7% in the first quarter. Penn Capital Management Company LLC now owns 9,100 shares of the technology company's stock valued at $1,172,000 after buying an additional 4,253 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Generac by 1,123.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 26,070 shares of the technology company's stock valued at $3,302,000 after purchasing an additional 23,940 shares during the last quarter. Finally, Norinchukin Bank The grew its holdings in shares of Generac by 12.4% during the first quarter. Norinchukin Bank The now owns 2,642 shares of the technology company's stock valued at $335,000 after purchasing an additional 292 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

Shares of NYSE GNRC traded up $3.04 during mid-day trading on Friday, hitting $181.22. 642,738 shares of the stock were exchanged, compared to its average volume of 792,653. The company has a market cap of $10.63 billion, a P/E ratio of 30.10, a PEG ratio of 1.43 and a beta of 1.63. The stock's fifty day simple moving average is $173.40 and its two-hundred day simple moving average is $141.67. 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 twelve month low of $99.50 and a twelve month 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 analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company's revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at $100,202,968.86. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several analyst reports. Stephens reiterated an "overweight" rating and set a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Stifel Nicolaus increased their price objective on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wall Street Zen lowered Generac from a "buy" rating to a "hold" rating in a report on Monday. TD Cowen upped their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. raised shares of Generac from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $56.00 to $68.00 in a research note on Monday, August 11th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.56.

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.