Freedom Investment Management Inc. Makes New Investment in Generac Holdings Inc. $GNRC

Key Points

• Freedom Investment Management Inc. has acquired 7,609 shares of Generac Holdings Inc. for approximately $1,090,000 in the 2nd quarter, adding to a growing interest from institutional investors.
• Analyst ratings on Generac vary, with Roth Capital raising the target price to $140.00, while other firms like Barclays lowered their target to $188.00 amid mixed reviews.
• Generac reported earnings of $1.65 per share, surpassing estimates, and demonstrated a year-over-year revenue growth of 6.3%, indicating solid operational performance.

Freedom Investment Management Inc. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,609 shares of the technology company's stock, valued at approximately $1,090,000.

Several other institutional investors and hedge funds also recently bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB boosted its stake 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac during the first quarter worth $28,000. Creative Capital Management Investments LLC boosted its stake in Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock worth $33,000 after buying an additional 200 shares during the period. Legend Financial Advisors Inc. purchased a new position in Generac during the second quarter worth $36,000. Finally, Private Trust Co. NA boosted its stake in 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 buying an additional 90 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GNRC has been the subject of a number of recent analyst reports. Roth Capital boosted their target price on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. UBS Group reissued a "buy" rating and set a $220.00 target price (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Barclays lowered their target price on shares of Generac from $200.00 to $188.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Generac in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group lowered their target price on shares of Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $188.94.

Generac Stock Performance

GNRC stock opened at $189.13 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The business has a 50-day moving average price of $181.54 and a 200 day moving average price of $152.71. The company has a market capitalization of $11.10 billion, a P/E ratio of 31.42, a PEG ratio of 1.55 and a beta of 1.64. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.32. The firm had revenue of $1.06 billion during 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares in the company, valued at $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 SEC, which is available through the SEC website. 2.70% of the stock is owned by 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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