Diversified Investment Strategies LLC Makes New $539,000 Investment in Generac Holdings Inc. $GNRC

Key Points

• Diversified Investment Strategies LLC has made a new investment of $539,000 in Generac Holdings Inc., acquiring 3,761 shares during the second quarter.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac stock worth $837,100 on October 1st, reducing his ownership to approximately 547,966 shares.
• Generac's latest quarterly earnings report showed earnings per share of $1.65, exceeding expectations, while revenue reached $1.06 billion, a 6.3% increase compared to the previous year.

Diversified Investment Strategies LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,761 shares of the technology company's stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pine Haven Investment Counsel Inc lifted its holdings in shares of Generac by 2.7% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company's stock valued at $410,000 after purchasing an additional 75 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Generac by 16.2% during the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock valued at $75,000 after purchasing an additional 83 shares during the last quarter. Fiduciary Alliance LLC lifted its holdings in shares of Generac by 4.1% during the 2nd quarter. Fiduciary Alliance LLC now owns 2,259 shares of the technology company's stock valued at $324,000 after purchasing an additional 89 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Generac by 42.9% during the 1st 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. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the sale, the chief executive officer directly owned 547,966 shares in the company, valued at $91,740,467.72. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company's stock.

Generac Price Performance

Shares of GNRC opened at $183.73 on Wednesday. The business's 50-day moving average is $182.44 and its two-hundred day moving average is $149.49. The company has a market capitalization of $10.78 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.39 and a beta of 1.64. 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 fifty-two week low of $99.50 and a fifty-two week high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. Research analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on GNRC shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Generac in a report on Wednesday, October 8th. Citigroup lowered Generac from a "neutral" rating to a "negative" rating in a research note on Thursday, October 9th. Roth Capital raised their target price on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Barclays reduced their target price on Generac from $200.00 to $188.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Finally, Stifel Nicolaus raised their target price on Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twelve 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 company. According to MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $184.11.

Generac Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.