Cwm LLC Grows Stake in Generac Holdings Inc. $GNRC

Key Points

• Cwm LLC increased its stake in Generac Holdings Inc. by 138.2% in the second quarter, acquiring an additional 4,897 shares, bringing their total to 8,440 shares valued at approximately $1.21 million.
• Generac reported earnings per share of $1.65 for the last quarter, exceeding analyst estimates of $1.33 and demonstrating a 6.3% year-over-year revenue growth.
• Multiple analysts have recently adjusted their price targets for Generac, with Wells Fargo raising its target to $180.00, while Citigroup downgraded their rating to a negative stance.

Cwm LLC lifted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 138.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,440 shares of the technology company's stock after purchasing an additional 4,897 shares during the quarter. Cwm LLC's holdings in Generac were worth $1,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. MassMutual Private Wealth & Trust FSB grew its position in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock worth $25,000 after buying an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac in the 1st quarter valued at about $28,000. Creative Capital Management Investments LLC raised its holdings in shares of Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Generac during the 2nd quarter valued at about $36,000. Finally, Private Trust Co. NA grew its holdings in shares of 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 in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of Generac stock opened at $195.96 on Tuesday. 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 one year low of $99.50 and a one year high of $203.25. The business's 50 day simple moving average is $182.25 and its two-hundred day simple moving average is $151.67. The stock has a market capitalization of $11.50 billion, a P/E ratio of 32.55, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64.

Generac (NYSE:GNRC - Get Free Report) last issued 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 firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter last year, the business earned $1.35 earnings per share. The business's revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Citigroup cut shares of Generac from a "neutral" rating to a "negative" rating in a research report on Thursday, October 9th. Canaccord Genuity Group cut their target price on shares of Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Wall Street Zen cut Generac from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. Finally, TD Cowen raised their price target on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.00.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares in the company, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

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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