Generac Holdings Inc. $GNRC Shares Sold by WoodTrust Financial Corp

Key Points

• WoodTrust Financial Corp has sold 56.2% of its shares in Generac Holdings, reducing its holdings to 6,750 shares worth approximately $967,000.
• Generac's CEO Aaron Jagdfeld sold 5,000 shares for $837,100, resulting in a decrease of 0.90% in his ownership of the company's stock.
• Despite the recent sell-offs, Generac's stock has been rated a "Moderate Buy" by analysts, with a current consensus price target of $183.44.

WoodTrust Financial Corp reduced its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 56.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,750 shares of the technology company's stock after selling 8,650 shares during the period. WoodTrust Financial Corp's holdings in Generac were worth $967,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Generac in the first quarter worth approximately $28,000. Creative Capital Management Investments LLC boosted its stake in shares of Generac by 740.7% in the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Generac in the second quarter worth approximately $36,000. Finally, Private Trust Co. NA boosted its stake in shares of Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.70% of the company's stock.

Generac Price Performance

GNRC opened at $166.92 on Wednesday. The stock's 50-day moving average price is $184.31 and its 200 day moving average price is $148.07. 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. The firm has a market cap of $9.79 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.31 and a beta of 1.64.

Generac (NYSE:GNRC - Get Free Report) last posted its 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. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $1.35 EPS. Generac's revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of research analyst reports. Barclays lowered their price target on Generac from $200.00 to $188.00 and set an "equal weight" rating on the stock in a research note on Monday. UBS Group reiterated a "buy" rating and set a $220.00 price target (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Wells Fargo & Company upped their price target on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, TD Cowen upped their price target on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.44.

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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