GSB Wealth Management LLC Invests $361,000 in Generac Holdings Inc. $GNRC

Key Points

• GSB Wealth Management LLC invested approximately $361,000 in Generac Holdings Inc., acquiring 2,520 shares in the second quarter.
• Multiple hedge funds, including the Public Employees Retirement System of Ohio, have increased their positions in Generac, with institutional investors now owning 84.04% of the stock.
• Generac reported $1.65 EPS for the quarter, exceeding estimates, while brokerages have set target prices ranging from $198.00 to $220.00 with a consensus rating of "Moderate Buy."

GSB Wealth Management LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,520 shares of the technology company's stock, valued at approximately $361,000.

A number of other hedge funds also recently made changes to their positions in GNRC. Woodline Partners LP bought a new position in shares of Generac during the fourth quarter worth about $554,000. Public Employees Retirement System of Ohio raised its position in shares of Generac by 49.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 34,461 shares of the technology company's stock worth $5,343,000 after acquiring an additional 11,382 shares during the last quarter. Ascent Group LLC raised its position in shares of Generac by 2.7% during the fourth quarter. Ascent Group LLC now owns 4,506 shares of the technology company's stock worth $699,000 after acquiring an additional 120 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of Generac by 18.9% during the fourth quarter. Integrated Advisors Network LLC now owns 2,734 shares of the technology company's stock worth $424,000 after acquiring an additional 434 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Generac during the fourth quarter worth about $3,886,000. 84.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GNRC. TD Cowen raised their price objective on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Barclays set a $200.00 target price on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group reaffirmed a "buy" rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Finally, Citigroup reaffirmed a "neutral" rating and set a $219.00 target price (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $180.78.

Generac Trading Down 10.3%

NYSE GNRC opened at $166.63 on Wednesday. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.49 and a beta of 1.63. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The business has a 50 day moving average price of $181.37 and a 200-day moving average price of $145.62. 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 quarterly earnings data 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 firm 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%.The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the sale, the chief executive officer owned 552,966 shares in the company, valued at $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

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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