Generac Holdings Inc. $GNRC Shares Sold by Stephens Inc. AR

Key Points

• Stephens Inc. AR reduced its holdings in Generac Holdings Inc. by 16.7% in the second quarter, selling 1,455 shares and ending with a total of 7,265 shares valued at approximately $1,040,000.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac stock for $837,100, marking a 0.90% decrease in his ownership after the transaction.
• The company reported $1.65 EPS for the quarter, exceeding analyst estimates, with revenue of $1.06 billion, a 6.3% increase compared to the previous year.

Stephens Inc. AR decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,265 shares of the technology company's stock after selling 1,455 shares during the quarter. Stephens Inc. AR's holdings in Generac were worth $1,040,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after acquiring an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Generac during the first quarter worth $245,000. Cambridge Investment Research Advisors Inc. increased its stake in Generac by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after acquiring an additional 3,345 shares during the last quarter. Integrity Alliance LLC. acquired a new stake in Generac during the first quarter worth $299,000. Finally, Amundi increased its stake in Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company's stock worth $12,147,000 after acquiring an additional 7,923 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the sale, the chief executive officer directly owned 547,966 shares in the company, valued at $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company's stock.

Generac Trading Up 1.6%

NYSE:GNRC opened at $192.02 on Friday. The firm has a market cap of $11.27 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 1.60 and a beta of 1.64. The stock has a fifty day moving average price of $181.41 and a 200 day moving average price of $153.33. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month 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.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.32. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates 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 period last year, the business posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GNRC shares. UBS Group reaffirmed a "buy" rating and issued a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Stifel Nicolaus lifted their price objective on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Roth Capital lifted their price objective on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Generac in a research note on Wednesday, October 8th. Finally, Barclays dropped their price objective on Generac from $200.00 to $188.00 and set an "equal weight" rating for the company in a research note on Monday, October 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $188.94.

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.

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