Generac Holdings Inc. $GNRC Stock Holdings Increased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Generac Holdings Inc. by 5.7%, acquiring an additional 3,957 shares to own approximately 0.12% of the company, valued at $9.28 million.
• Several institutional investors significantly boosted their holdings in Generac, with Invesco Ltd. and DAVENPORT & Co LLC increasing their stakes by 25.3% and 77.3%, respectively.
• Analysts have set new price targets for Generac, with Wells Fargo raising it to $180.00 and Barclays to $200.00, reflecting a consensus rating of "Moderate Buy" and a price target of $174.56.

Canada Pension Plan Investment Board boosted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 73,268 shares of the technology company's stock after acquiring an additional 3,957 shares during the period. Canada Pension Plan Investment Board owned about 0.12% of Generac worth $9,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming grew its stake in Generac by 261.8% in the 1st quarter. State of Wyoming now owns 4,052 shares of the technology company's stock worth $513,000 after acquiring an additional 2,932 shares during the period. Trexquant Investment LP grew its stake in Generac by 29.0% in the 1st quarter. Trexquant Investment LP now owns 86,245 shares of the technology company's stock worth $10,923,000 after acquiring an additional 19,390 shares during the period. RB Capital Management LLC boosted its holdings in shares of Generac by 3.2% in the 1st quarter. RB Capital Management LLC now owns 9,136 shares of the technology company's stock valued at $1,157,000 after purchasing an additional 284 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Generac in the 1st quarter valued at $255,000. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Generac by 169.1% in the 1st quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company's stock valued at $2,587,000 after purchasing an additional 12,833 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GNRC. Stifel Nicolaus lifted their price target on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Roth Capital lifted their price target on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. UBS Group reiterated a "buy" rating and issued a $220.00 price target (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Citigroup reiterated a "neutral" rating and issued a $219.00 price target (up previously from $138.00) on shares of Generac in a report on Tuesday, August 26th. Finally, TD Cowen lifted their target price on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.56.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the sale, the chief executive officer directly owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

Generac Stock Performance

GNRC traded up $3.04 during trading hours on Friday, hitting $181.22. The company's stock had a trading volume of 642,738 shares, compared to its average volume of 792,653. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. 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 firm has a market capitalization of $10.63 billion, a PE ratio of 30.10, a PEG ratio of 1.43 and a beta of 1.63. The company has a 50-day simple moving average of $173.40 and a 200 day simple moving average of $141.67.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm earned $1.35 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

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.