Osterweis Capital Management Inc. Has $7.08 Million Holdings in Generac Holdings Inc. $GNRC

Key Points

• Osterweis Capital Management Inc. reduced its stake in Generac Holdings Inc. by 43.3% in the first quarter, now owning approximately $7.08 million worth of shares.
• Generac's CEO, Aaron Jagdfeld, sold 5,000 shares on July 1st for $712,000, decreasing his ownership to about 562,966 shares valued at roughly $80.17 million.
• Generac reported $1.65 EPS for the last quarter, exceeding analysts' expectations of $1.33, with revenue of $1.06 billion, up 6.3% from the previous year.

Osterweis Capital Management Inc. reduced its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 43.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,915 shares of the technology company's stock after selling 42,780 shares during the period. Osterweis Capital Management Inc. owned 0.09% of Generac worth $7,082,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GNRC. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac during the 1st quarter worth about $28,000. Private Trust Co. NA lifted its position in Generac by 42.9% during 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 during the period. Colonial Trust Advisors raised its position in Generac by 357.1% during the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after buying an additional 250 shares during the last quarter. Ostrum Asset Management purchased a new position in Generac during the 4th quarter worth approximately $50,000. Finally, New Age Alpha Advisors LLC purchased a new position in Generac during the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GNRC. 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 report on Tuesday, July 22nd. Canaccord Genuity Group dropped their price objective on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. TD Securities dropped their price objective on shares of Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird reduced their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, TD Cowen upped their price target on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Generac presently has an average rating of "Moderate Buy" and an average price target of $170.06.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Generac Stock Up 2.0%

Shares of NYSE:GNRC traded up $3.7950 during mid-day trading on Friday, hitting $194.3450. 872,664 shares of the company traded hands, compared to its average volume of 1,329,714. The firm has a market cap of $11.40 billion, a P/E ratio of 32.28, a PEG ratio of 1.53 and a beta of 1.68. 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 52-week low of $99.50 and a 52-week high of $203.25. The firm's 50 day simple moving average is $163.03 and its 200 day simple moving average is $138.97.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm 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 earned $1.35 EPS. Generac's quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

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.