Generac Holdings Inc. $GNRC Shares Bought by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in Generac Holdings by 3.9%, owning approximately 290,101 shares valued at $36.74 million after acquiring an additional 10,946 shares in Q1.
• Generac reported $1.65 EPS in its latest earnings, exceeding analysts' expectations and posting a year-over-year revenue increase of 6.3% to $1.06 billion.
• Hedge funds and other institutional investors now own 84.04% of Generac's stock, indicating strong institutional backing for the company.

Energy Income Partners LLC lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,101 shares of the technology company's stock after acquiring an additional 10,946 shares during the period. Energy Income Partners LLC owned approximately 0.49% of Generac worth $36,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Generac by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after acquiring an additional 72 shares during the last quarter. Alaethes Wealth LLC increased its holdings in shares of Generac by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 11,721 shares of the technology company's stock worth $1,817,000 after buying an additional 78 shares during the last quarter. Covestor Ltd grew its holdings in 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. Private Trust Co. NA grew its stake in Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Generac by 13.1% in the 1st quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company's stock worth $100,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Trading Up 1.7%

Shares of GNRC traded up $3.02 during trading on Thursday, reaching $178.16. 731,964 shares of the company traded hands, compared to its average volume of 928,679. 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 $10.45 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.48 and a beta of 1.63. The stock has a 50-day simple moving average of $171.91 and a 200-day simple moving average of $141.19. 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 (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $1.35 earnings per share. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, 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 firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the transaction, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Tuesday, July 29th. UBS Group reissued a "buy" rating and set a $220.00 price target (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Roth Capital raised their price target on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Stephens restated an "overweight" rating and set a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Finally, Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $174.56.

About Generac

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.