Harbor Capital Advisors Inc. Makes New $5.02 Million Investment in Generac Holdings Inc. $GNRC

Key Points

• Harbor Capital Advisors Inc. has invested approximately $5.02 million in Generac Holdings Inc., acquiring 35,047 shares and owning about 0.06% of the company.
• CEO Aaron Jagdfeld sold 5,000 shares for approximately $906,050, reducing his direct ownership stake by 0.90% to about 552,966 shares.
• Analysts have set varied price targets for Generac, with a consensus target of $174.56 and a mostly positive outlook, including multiple "buy" ratings.

Harbor Capital Advisors Inc. acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,047 shares of the technology company's stock, valued at approximately $5,019,000. Harbor Capital Advisors Inc. owned 0.06% of Generac as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GNRC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Generac by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock valued at $1,001,000 after acquiring an additional 72 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after acquiring an additional 77 shares during the last quarter. Covestor Ltd lifted its stake in Generac by 16.2% in the first quarter. Covestor Ltd now owns 596 shares of the technology company's stock valued at $75,000 after acquiring an additional 83 shares during the last quarter. Fiduciary Alliance LLC lifted its stake in Generac by 4.1% in the second quarter. Fiduciary Alliance LLC now owns 2,259 shares of the technology company's stock valued at $324,000 after acquiring an additional 89 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. TD Cowen lifted their target price on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Roth Capital lifted their price target on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Generac from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Stephens reissued an "overweight" rating and issued a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $180.78.

Generac Stock Performance

GNRC stock traded down $2.27 on Friday, reaching $181.77. 1,594,929 shares of the company were exchanged, compared to its average volume of 771,639. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock's fifty day moving average price is $180.24 and its 200 day moving average price is $144.93. The firm has a market capitalization of $10.67 billion, a PE ratio of 30.19, a PEG ratio of 1.47 and a beta of 1.63. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88.

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, topping analysts' consensus estimates of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. Generac's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Generac Company 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.