Generac Holdings Inc. $GNRC Shares Acquired by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. increased its stake in Generac Holdings Inc. by 169.1% during the first quarter, reaching a total of 20,423 shares valued at approximately $2.59 million.
• Generac's recent earnings report showed EPS of $1.65, exceeding analysts' expectations of $1.33, with revenue of $1.06 billion for the quarter.
• Multiple brokerages have raised their price targets for Generac, with Citi setting a new price objective of $219.00, reflecting positive sentiment among analysts.

Epoch Investment Partners Inc. lifted its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 169.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,423 shares of the technology company's stock after acquiring an additional 12,833 shares during the period. Epoch Investment Partners Inc.'s holdings in Generac were worth $2,587,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Generac during the first quarter valued at approximately $28,000. Private Trust Co. NA raised its holdings in Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares during the last quarter. Colonial Trust Advisors lifted its stake in shares of 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 purchasing an additional 250 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Generac during the first quarter worth $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Generac by 1,525.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock valued at $74,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the sale, the chief executive officer 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 2.70% of the company's stock.

Generac Stock Down 3.1%

NYSE GNRC opened at $179.44 on Wednesday. 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 fifty-two week low of $99.50 and a fifty-two week high of $203.25. The business has a 50 day moving average price of $171.20 and a two-hundred day moving average price of $140.96. The stock has a market cap of $10.53 billion, a PE ratio of 29.81, a P/E/G ratio of 1.48 and a beta of 1.63.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on GNRC. Barclays set a $200.00 price target on Generac and gave the company an "equal weight" rating in a report on Wednesday, July 30th. Janney Montgomery Scott upgraded shares of Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. TD Cowen increased their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note 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 report on Tuesday, July 29th. Finally, UBS Group restated a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.56.

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.