CW Advisors LLC Acquires 23,142 Shares of Generac Holdings Inc. $GNRC

Key Points

• CW Advisors LLC has significantly increased its stake in Generac Holdings Inc. by 109.4%, acquiring an additional 23,142 shares and bringing its total ownership to 44,299 shares.
• Generac reported $1.65 earnings per share, exceeding estimates by $0.32, along with a revenue of $1.06 billion for the quarter, marking a 6.3% year-over-year increase.
• Barclays has set a price target of $200.00 for Generac, while the stock maintains a consensus rating of "Moderate Buy" among analysts.

CW Advisors LLC boosted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 109.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,299 shares of the technology company's stock after purchasing an additional 23,142 shares during the period. CW Advisors LLC owned approximately 0.07% of Generac worth $5,613,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Nebula Research & Development LLC acquired a new stake in Generac in the fourth quarter worth approximately $3,638,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after purchasing an additional 1,195 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Generac in the first quarter valued at $245,000. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after buying an additional 3,345 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Generac by 20.8% in the first quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company's stock valued at $217,000 after buying an additional 295 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Down 1.9%

NYSE:GNRC traded down $3.70 during trading hours on Tuesday, hitting $189.58. 855,721 shares of the stock traded hands, compared to its average volume of 936,389. The firm has a 50 day moving average price of $164.37 and a 200 day moving average price of $139.28. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 31.49, a PEG ratio of 1.56 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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $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. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

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

Wall Street Analysts Forecast Growth

GNRC has been the topic of several research reports. Stifel Nicolaus upped their price target on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Citigroup reaffirmed a "neutral" rating and issued a $219.00 price target (up previously from $138.00) on shares of Generac in a report on Tuesday. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a report on Tuesday, July 29th. Wells Fargo & Company upped their price target on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Generac has a consensus rating of "Moderate Buy" and a consensus 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.