Generac Holdings Inc. $GNRC Shares Bought by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP increased its holdings in Generac Holdings Inc. by 18.0%, owning approximately 1.46% of the company worth $108.9 million after acquiring an additional 131,460 shares in the first quarter.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac at an average price of $142.40, resulting in a total transaction value of $712,000, which reduced his ownership by 0.88% to about $80.2 million.
• Generac reported a strong earnings performance with $1.65 earnings per share for the latest quarter, surpassing the expected $1.33, and noted a year-over-year revenue increase of 6.3% to $1.06 billion.

Dimensional Fund Advisors LP raised its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 859,999 shares of the technology company's stock after buying an additional 131,460 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.46% of Generac worth $108,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Invesco Ltd. raised its position in Generac by 25.3% in the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after purchasing an additional 285,388 shares during the last quarter. DAVENPORT & Co LLC increased its stake in 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 purchasing an additional 206,311 shares during the period. Nuveen LLC purchased a new stake in shares of Generac in the first quarter valued at about $23,375,000. Federated Hermes Inc. boosted its stake in shares of Generac by 51.0% during the first 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. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 27.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock worth $110,544,000 after buying an additional 153,141 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Securities dropped their price target on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $56.00 to $68.00 in a research note on Monday, August 11th. Robert W. Baird cut their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, TD Cowen lifted their price objective on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.56.

Generac Price Performance

Shares of Generac stock traded down $3.70 during trading on Tuesday, reaching $189.58. The company's stock had a trading volume of 855,721 shares, compared to its average volume of 936,389. The business has a 50 day moving average price of $164.37 and a 200-day moving average price of $139.28. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a market capitalization of $11.12 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. 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 (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, topping the consensus estimate of $1.33 by $0.32. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.35 earnings per share. 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 Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by company 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.