Generac Holdings Inc. $GNRC Stock Holdings Boosted by CapWealth Advisors LLC

Key Points

• CapWealth Advisors LLC increased its stake in Generac Holdings Inc. by 2.8%, now owning 52,959 shares valued at approximately $7.58 million.
• Most analysts maintain a Moderate Buy consensus for Generac, with a consensus price target of $185 and multiple recent upgrades and downgrades reported.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac at $167.42 each, reducing his ownership by 0.90% while still retaining a significant stake valued at around $91.74 million.

CapWealth Advisors LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,959 shares of the technology company's stock after purchasing an additional 1,454 shares during the quarter. CapWealth Advisors LLC owned about 0.09% of Generac worth $7,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Generac by 19.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after purchasing an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Generac during the 1st quarter valued at $245,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Generac by 15.1% during 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 during the 1st quarter worth $299,000. Finally, Amundi boosted its stake in shares of Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company's stock worth $12,147,000 after acquiring an additional 7,923 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GNRC shares. Citigroup lowered Generac from a "neutral" rating to a "negative" rating in a research note on Thursday, October 9th. Roth Capital raised their price objective on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. TD Cowen raised their price objective on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Canaccord Genuity Group reduced their price objective on Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Finally, Stifel Nicolaus raised their price objective on Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $185.00.

Insider Transactions at Generac

In related 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 completion of the sale, the chief executive officer owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. This trade 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 accessible through the SEC website. Insiders own 2.70% of the company's stock.

Generac Price Performance

GNRC opened at $190.67 on Friday. The stock has a fifty day moving average of $182.26 and a 200-day moving average of $150.68. The firm has a market capitalization of $11.19 billion, a P/E ratio of 31.67, a PEG ratio of 1.53 and a beta of 1.64. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a quick ratio of 0.88, a current ratio of 2.00 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 company 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 for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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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