Generac Holdings Inc. $GNRC Position Increased by Burgundy Asset Management Ltd.

Key Points

• Burgundy Asset Management Ltd. increased its holdings in Generac Holdings Inc. by 21.3% in the 1st quarter, owning approximately 0.90% of the company worth $67.66 million.
• Wall Street analysts have mixed ratings on Generac, with a consensus of "Moderate Buy" and an average price target of $170.06, despite recent price target adjustments from various firms.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac for $712,000, reducing his ownership to approximately 562,966 shares, valued at over $80 million.

Burgundy Asset Management Ltd. increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 534,252 shares of the technology company's stock after acquiring an additional 93,863 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 0.90% of Generac worth $67,663,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac during the first quarter worth about $28,000. Private Trust Co. NA grew its position in Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after purchasing an additional 90 shares during the last quarter. Ostrum Asset Management bought a new position in Generac in the 4th quarter worth about $50,000. New Age Alpha Advisors LLC bought a new position in Generac in the 1st quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Generac by 1,525.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after purchasing an additional 549 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GNRC shares. Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. TD Securities decreased their target price on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Roth Capital upped their target price on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Citigroup upgraded shares of Generac from a "neutral" rating to a "mixed" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus upped their target price on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $170.06.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Generac Price Performance

Shares of Generac stock traded up $3.4890 on Friday, hitting $194.0390. The company had a trading volume of 430,406 shares, compared to its average volume of 935,833. The business has a 50-day simple moving average of $161.64 and a 200-day simple moving average of $138.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The company has a market cap of $11.39 billion, a PE ratio of 32.19, a PEG ratio of 1.52 and a beta of 1.68. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.32. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business's revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Research analysts expect 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.