Generac Holdings Inc. $GNRC Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A has reduced its stake in Generac Holdings Inc. by 8.8%, selling 1,735 shares in the first quarter, and now holds a total of 17,989 shares valued at approximately $2.28 million.
• Several institutional investors have increased their holdings in Generac, with DAVENPORT & Co LLC boosting its position by 77.3%, now owning 473,047 shares worth over $60 million.
• Generac's stock has received multiple upgrades from analysts, including an increase in price target from JPMorgan Chase & Co. from $56 to $68, reflecting strong investor confidence.

Credit Agricole S A lowered its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,989 shares of the technology company's stock after selling 1,735 shares during the period. Credit Agricole S A's holdings in Generac were worth $2,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac in the first quarter valued at approximately $28,000. Private Trust Co. NA increased its stake in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after purchasing an additional 90 shares during the last quarter. Colonial Trust Advisors increased its stake 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 acquiring an additional 250 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Generac in the first quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Generac by 1,525.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after buying an additional 549 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Trading Down 0.3%

NYSE:GNRC traded down $0.51 during mid-day trading on Thursday, reaching $186.48. The company's stock had a trading volume of 309,345 shares, compared to its average volume of 931,002. The company's fifty day simple moving average is $166.92 and its two-hundred day simple moving average is $139.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The stock has a market cap of $10.94 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.52 and a beta of 1.68.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $1.35 EPS. The company's revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GNRC shares. UBS Group reissued a "buy" rating and set a $220.00 target price (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Barclays set a $200.00 target price on Generac and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. raised Generac from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Tuesday, July 29th. Finally, TD Securities cut their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Generac currently has an average rating of "Moderate Buy" and an average price target 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.