Gotham Asset Management LLC Purchases 78,890 Shares of Generac Holdings Inc. $GNRC

Key Points

• Gotham Asset Management LLC acquired an additional 78,890 shares of Generac Holdings Inc., increasing its holdings by 80.6% to a total of 176,804 shares, valued at approximately $22.39 million.
• Generac's CEO Aaron Jagdfeld sold 5,000 shares for about $906,050, which reduces his ownership stake to approximately 552,966 shares.
• Analysts have elevated Generac's price targets, with TD Cowen increasing theirs to $198.00 and UBS Group raising theirs to $220.00, indicating strong market confidence in the company's growth potential.

Gotham Asset Management LLC grew its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 80.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,804 shares of the technology company's stock after purchasing an additional 78,890 shares during the quarter. Gotham Asset Management LLC owned approximately 0.30% of Generac worth $22,392,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac during the first quarter worth about $28,000. Private Trust Co. NA increased its holdings in 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 purchasing an additional 90 shares in the last quarter. Colonial Trust Advisors increased its holdings in Generac by 357.1% in the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after purchasing an additional 250 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Generac in the first quarter worth approximately $54,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Generac by 1,525.0% in the first 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 in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 1.7%

Shares of NYSE:GNRC traded up $3.04 during mid-day trading on Friday, hitting $181.22. 642,738 shares of the company traded hands, compared to its average volume of 788,807. The stock has a market cap of $10.63 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.45 and a beta of 1.63. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The stock has a 50-day moving average price of $173.40 and a two-hundred day moving average price of $141.69.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results 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 company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the transaction, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. The trade was 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 this link. Corporate insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GNRC shares. Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a report on Tuesday, July 29th. Wall Street Zen downgraded Generac from a "buy" rating to a "hold" rating in a report on Monday, September 1st. Wells Fargo & Company lifted their target price on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Citigroup restated a "neutral" rating and set a $219.00 price objective (up previously from $138.00) on shares of Generac in a report on Tuesday, August 26th. Finally, Roth Capital boosted their price objective on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

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.