Generac Holdings Inc. $GNRC Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 22.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,069 shares of the technology company's stock after selling 1,772 shares during the period. Stratos Wealth Partners LTD.'s holdings in Generac were worth $869,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GNRC. Mirae Asset Global Investments Co. Ltd. increased its holdings in Generac by 19.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after buying an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Generac during the 1st quarter worth approximately $245,000. Cambridge Investment Research Advisors Inc. grew its position in shares of Generac by 15.1% in the 1st 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 in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Generac in the 1st quarter valued at approximately $299,000. Finally, Amundi raised its position in shares of Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company's stock valued at $12,147,000 after acquiring an additional 7,923 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Wall Street Analyst Weigh In

GNRC has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Generac from $180.00 to $196.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Citigroup lowered their price objective on shares of Generac from $219.00 to $217.00 and set a "neutral" rating for the company in a research report on Tuesday. Zacks Research lowered shares of Generac from a "hold" rating to a "strong sell" rating in a research note on Friday, October 17th. Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. Finally, Stifel Nicolaus upped their target price on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $188.94.

Generac Trading Down 4.9%

Shares of NYSE:GNRC opened at $183.14 on Thursday. 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 company's 50-day moving average price is $181.74 and its 200 day moving average price is $152.17. The company has a market cap of $10.75 billion, a PE ratio of 30.42, a P/E/G ratio of 1.63 and a beta of 1.64. 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 announced its quarterly 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. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. Generac's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $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 year.

Insider Buying and Selling

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

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.

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