Gagnon Securities LLC Has $9.77 Million Position in Generac Holdings Inc. $GNRC

Key Points

• Gagnon Securities LLC has increased its position in Generac Holdings Inc. by 6.0%, owning approximately $9.77 million worth of the stock, which represents 2.0% of its investment portfolio.
• Generac Holdings recently reported earnings of $1.65 per share for the last quarter, beating estimates and marking a 6.3% revenue increase year-over-year.
• Wall Street analysts have mixed ratings for Generac, with a consensus average price target of $183.44, indicating a generally favorable outlook despite some recent price target reductions.

Gagnon Securities LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 6.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,189 shares of the technology company's stock after purchasing an additional 3,859 shares during the period. Generac comprises approximately 2.0% of Gagnon Securities LLC's investment portfolio, making the stock its 22nd largest position. Gagnon Securities LLC owned 0.12% of Generac worth $9,765,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GNRC. Farther Finance Advisors LLC boosted its stake in shares of Generac by 83.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the technology company's stock valued at $139,000 after purchasing an additional 501 shares in the last quarter. Integrated Advisors Network LLC raised its holdings in Generac by 4.9% in the 1st quarter. Integrated Advisors Network LLC now owns 2,868 shares of the technology company's stock valued at $363,000 after buying an additional 134 shares during the last quarter. CX Institutional bought a new position in Generac in the 1st quarter valued at approximately $185,000. Azzad Asset Management Inc. ADV bought a new position in Generac in the 1st quarter valued at approximately $2,000,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Generac by 151.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the technology company's stock valued at $2,365,000 after buying an additional 11,252 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of research reports. UBS Group reiterated a "buy" rating and issued a $220.00 price objective (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Guggenheim upgraded shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a report on Tuesday, July 29th. Barclays lowered their price target on shares of Generac from $200.00 to $188.00 and set an "equal weight" rating for the company in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Finally, Canaccord Genuity Group lowered their price target on shares of Generac from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, September 25th. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $183.44.

Generac Stock Performance

NYSE:GNRC opened at $166.92 on Wednesday. The company has a fifty day moving average of $184.31 and a 200-day moving average of $148.07. The firm has a market capitalization of $9.79 billion, a P/E ratio of 27.73, a P/E/G ratio of 1.31 and a beta of 1.64. 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 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. Generac's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, October 1st. The shares were 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 owned 547,966 shares in the company, valued at $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by corporate insiders.

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.

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