Generac Holdings Inc. $GNRC Holdings Raised by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Generac Holdings Inc. by 212.5% in the first quarter, ending the period with 3,750 shares valued at $474,000.
• Generac reported $1.65 earnings per share, exceeding expectations of $1.33, and achieved a 6.3% increase in revenue compared to the previous year.
• Several analysts have set new price targets for Generac, with UBS Group raising its target to $220.00, reflecting a positive outlook on the stock.

Northwest & Ethical Investments L.P. grew its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 212.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,750 shares of the technology company's stock after purchasing an additional 2,550 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Generac were worth $474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Generac in the 1st quarter valued at about $28,000. Private Trust Co. NA lifted its stake in shares of 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 purchasing an additional 90 shares in the last quarter. Ostrum Asset Management acquired a new position in shares of Generac in the 4th quarter valued at about $50,000. New Age Alpha Advisors LLC acquired a new position in shares of Generac in the 1st quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Generac by 1,525.0% in the 1st 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 in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 2.0%

GNRC stock traded up $3.7950 during midday trading on Friday, hitting $194.3450. 872,664 shares of the company's stock were exchanged, compared to its average volume of 1,329,714. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The firm has a 50 day moving average price of $163.03 and a 200-day moving average price of $138.97. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.53 and a beta of 1.68.

Generac (NYSE:GNRC - Get Free Report) last posted 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. Generac had a return on equity of 19.14% and a net margin of 7.91%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.35 EPS. Generac'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. On average, analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen lowered Generac from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Citigroup raised Generac from a "neutral" rating to a "mixed" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. raised Generac from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $56.00 to $68.00 in a research report on Monday, August 11th. TD Cowen boosted their price target on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Barclays set a $200.00 price target on Generac and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $170.06.

Generac Company 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.