Generac Holdings Inc. $GNRC Shares Sold by Stephens Investment Management Group LLC

Key Points

• Stephens Investment Management Group LLC reduced its stake in Generac Holdings Inc. by 4.5% in Q2, now owning 234,427 shares valued at $33.57 million.
• Multiple institutional investors, including Invesco Ltd. and Jones Financial Companies Lllp, significantly increased their positions in Generac during the first quarter of the year.
• Analyst ratings show a consensus of a "Moderate Buy" with a target price of $188.94, while Generac's CEO sold 5,000 shares at $167.42 recently.

Stephens Investment Management Group LLC trimmed its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,427 shares of the technology company's stock after selling 10,958 shares during the quarter. Stephens Investment Management Group LLC owned about 0.40% of Generac worth $33,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GNRC. Invesco Ltd. raised its position in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after purchasing an additional 285,388 shares during the period. Jones Financial Companies Lllp raised its position in shares of Generac by 5,071.6% during the 1st quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock worth $31,701,000 after purchasing an additional 245,466 shares during the period. DAVENPORT & Co LLC raised its position in shares of Generac by 77.3% during the 1st quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock worth $60,077,000 after purchasing an additional 206,311 shares during the period. Nuveen LLC acquired a new stake in shares of Generac during the 1st quarter worth approximately $23,375,000. Finally, Federated Hermes Inc. raised its position in shares of Generac by 51.0% during the 1st quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock worth $58,048,000 after purchasing an additional 154,867 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GNRC shares. TD Cowen increased 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. Wells Fargo & Company increased their price objective on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Canaccord Genuity Group decreased their price objective on Generac from $250.00 to $240.00 and set a "buy" rating for the company in a report on Thursday, September 25th. Guggenheim decreased their price objective on Generac from $210.00 to $202.00 and set a "buy" rating for the company in a report on Thursday, October 9th. Finally, Wall Street Zen lowered Generac from a "buy" rating to a "hold" rating in a report on Sunday, September 28th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $188.94.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the sale, the chief executive officer owned 547,966 shares in the company, valued at $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

Generac Stock Performance

GNRC opened at $192.71 on Wednesday. The firm has a market cap of $11.31 billion, a PE ratio of 32.01, a P/E/G ratio of 1.56 and a beta of 1.64. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $182.14 and a 200-day simple moving average of $151.96. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25.

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 for the quarter, topping the consensus estimate of $1.33 by $0.32. The business 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%.The company's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal 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.

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