Generac Holdings Inc. $GNRC Position Trimmed by Gould Capital LLC

Key Points

• Gould Capital LLC significantly reduced its stake in Generac Holdings Inc. by 92.3%, ending with holdings worth $50,000 after selling 4,692 shares in the first quarter.
• Several institutional investors increased their stakes in Generac during the first quarter, with Vanguard Group acquiring an additional 137,363 shares, raising their total to 6,932,913 shares valued at approximately $878 million.
• Analysts maintain a generally positive outlook on Generac, with the average target price set at $170.06, reflecting an overall rating of "Moderate Buy" based on recent reports.

Gould Capital LLC lessened its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 92.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 393 shares of the technology company's stock after selling 4,692 shares during the period. Gould Capital LLC's holdings in Generac were worth $50,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nebula Research & Development LLC acquired a new stake in shares of Generac in the fourth quarter valued at approximately $3,638,000. Pinebridge Investments L.P. increased its position in Generac by 28.1% in the 4th quarter. Pinebridge Investments L.P. now owns 68,993 shares of the technology company's stock valued at $10,697,000 after acquiring an additional 15,147 shares during the period. Mirae Asset Global Investments Co. Ltd. raised 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 acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Generac during the 1st quarter valued at $245,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in 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 during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's 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 sale, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

Generac Price Performance

Shares of GNRC traded down $3.70 during trading hours on Tuesday, hitting $189.58. 848,677 shares of the company were exchanged, compared to its average volume of 936,335. 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 capitalization of $11.12 billion, a PE ratio of 31.49, a PEG ratio of 1.56 and a beta of 1.68. The firm has a fifty day simple moving average of $164.37 and a 200-day simple moving average of $139.28. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25.

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

Analyst Ratings Changes

A number of research analysts have recently commented on GNRC shares. UBS Group reissued a "buy" rating and set a $220.00 price target (up from $200.00) on shares of Generac in a report on Thursday, July 31st. TD Cowen boosted their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Citigroup reissued a "neutral" rating and set a $219.00 target price (up previously from $138.00) on shares of Generac in a report on Tuesday. Finally, Robert W. Baird lowered their price target on Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company 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.