Eaton Financial Holdings Company LLC Makes New $277,000 Investment in Generac Holdings Inc. $GNRC

Key Points

• Eaton Financial Holdings has purchased a new stake of $277,000 in Generac Holdings Inc., acquiring 1,934 shares during the second quarter.
• Many institutional investors have increased their positions in Generac, with major purchases including U.S. Capital Wealth Advisors buying $488,000 worth of shares.
• Analysts show strong confidence in Generac, with 12 analysts rating it a Buy and target prices increasing, including JPMorgan's lift from $165 to $180 per share.

Eaton Financial Holdings Company LLC purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,934 shares of the technology company's stock, valued at approximately $277,000.

Several other institutional investors have also recently made changes to their positions in GNRC. GSB Wealth Management LLC purchased a new position in shares of Generac in the second quarter worth approximately $361,000. GAMMA Investing LLC raised its position in Generac by 18.5% in the second quarter. GAMMA Investing LLC now owns 1,318 shares of the technology company's stock worth $189,000 after acquiring an additional 206 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in Generac in the second quarter worth approximately $488,000. Annex Advisory Services LLC boosted its stake in shares of Generac by 15.9% during the 2nd quarter. Annex Advisory Services LLC now owns 178,133 shares of the technology company's stock worth $25,510,000 after acquiring an additional 24,419 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Generac by 1,039.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 12,557 shares of the technology company's stock valued at $1,798,000 after acquiring an additional 11,455 shares during the period. Institutional investors own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Generac from $165.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday. Citigroup reaffirmed a "neutral" rating and issued a $219.00 price objective (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. UBS Group reiterated a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Barclays set a $200.00 price target on shares of Generac and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $180.78.

Generac Trading Up 1.9%

GNRC stock opened at $185.73 on Tuesday. The firm's fifty day simple moving average is $180.97 and its two-hundred day simple moving average is $145.48. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.63. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. 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 issued its quarterly 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 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 prior year, the firm posted $1.35 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, 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 stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the sale, the chief executive officer directly owned 552,966 shares in the company, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company's stock.

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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