Generac Holdings Inc. $GNRC Shares Acquired by Atwood & Palmer Inc.

Key Points

• Atwood & Palmer Inc. increased its stake in Generac Holdings to 149,496 shares, now valued at approximately $21.4 million, reflecting a 1% rise during the second quarter.
• Generac reported a quarterly earnings per share (EPS) of $1.65, exceeding analyst expectations of $1.33, with revenue increasing by 6.3% year-over-year.
• Institutional investors own over 84% of Generac's shares, indicating robust institutional interest in the company.

Atwood & Palmer Inc. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,496 shares of the technology company's stock after acquiring an additional 1,525 shares during the period. Atwood & Palmer Inc. owned 0.25% of Generac worth $21,409,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock worth $878,053,000 after buying an additional 137,363 shares during the period. Ariel Investments LLC lifted its position in Generac by 10.1% during the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock worth $204,651,000 after buying an additional 148,551 shares during the period. Invesco Ltd. lifted its position in Generac by 25.3% during the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after buying an additional 285,388 shares during the period. Dimensional Fund Advisors LP lifted its position in Generac by 18.0% during the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock worth $108,914,000 after buying an additional 131,460 shares during the period. Finally, Brown Advisory Inc. raised its holdings in shares of Generac by 9.0% in the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock worth $102,873,000 after purchasing an additional 67,180 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC opened at $184.70 on Monday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.48 and a beta of 1.63. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $176.95 and a 200-day moving average of $143.31.

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 (EPS) 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 business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. 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. As a group, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the transaction, the chief executive officer owned 552,966 shares in the company, valued at $100,202,968.86. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GNRC shares. Roth Capital raised their price objective on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. TD Cowen increased their target price on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a report on Tuesday, July 29th. Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, Stephens reiterated an "overweight" rating and set a $175.00 target price on shares of Generac in a report on Tuesday, May 27th. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently 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.

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