Annex Advisory Services LLC Boosts Stake in Generac Holdings Inc. $GNRC

Key Points

• Annex Advisory Services LLC increased its stake in Generac Holdings Inc. by 15.9% during the second quarter, now owning approximately 0.30% of the company, valued at $25.51 million.
• Generac's stock recently traded at $181.77, down 1.2%, with a market cap of $10.67 billion and a 52-week price range between $99.50 and $203.25.
• The company reported EPS of $1.65 for the last quarter, exceeding analysts' estimates, and saw a revenue increase of 6.3% year-over-year.

Annex Advisory Services LLC increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 15.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,133 shares of the technology company's stock after acquiring an additional 24,419 shares during the period. Annex Advisory Services LLC owned approximately 0.30% of Generac worth $25,510,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GNRC. Invesco Ltd. boosted its position in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after purchasing an additional 285,388 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Generac by 5,071.6% in the first quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock valued at $31,701,000 after acquiring an additional 245,466 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Generac by 77.3% in the first quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock valued at $60,077,000 after acquiring an additional 206,311 shares during the period. Nuveen LLC purchased a new stake in shares of Generac in the first quarter valued at $23,375,000. Finally, Federated Hermes Inc. increased its stake in Generac by 51.0% in the 1st quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock worth $58,048,000 after buying an additional 154,867 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the transaction, the chief executive officer owned 552,966 shares in the company, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GNRC shares. Roth Capital lifted their target price 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. Wells Fargo & Company lifted their target price on shares of Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their price objective on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating 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 target on the stock in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. upped their price target on Generac from $165.00 to $180.00 and gave the company a "neutral" rating in a report on Friday. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $180.78.

Generac Stock Performance

Shares of Generac stock traded down $2.27 on Friday, hitting $181.77. The stock had a trading volume of 1,594,929 shares, compared to its average volume of 807,752. The business's 50 day moving average is $180.24 and its two-hundred day moving average is $145.14. 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. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.46 and a beta of 1.63.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 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 company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the company earned $1.35 EPS. Generac's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Analysts forecast 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.