Integrity Alliance LLC. Invests $299,000 in Generac Holdings Inc. $GNRC

Key Points

• Integrity Alliance LLC acquired 2,360 shares of Generac Holdings Inc. ($GNRC) during the first quarter, valued at approximately $299,000.
• A number of institutional investors, including Vanguard Group and Ariel Investments, have recently increased their stakes in Generac, which is largely owned by institutional investors at 84.04%.
• Analysts have set new price targets for Generac, with TD Cowen raising its target from $155 to $198, reflecting a consensus rating of "Moderate Buy".

Integrity Alliance LLC. acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,360 shares of the technology company's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bayforest Capital Ltd raised its holdings in Generac by 110.2% during the first quarter. Bayforest Capital Ltd now owns 1,625 shares of the technology company's stock worth $206,000 after purchasing an additional 852 shares during the last quarter. Optimize Financial Inc raised its holdings in Generac by 14.4% during the first quarter. Optimize Financial Inc now owns 1,715 shares of the technology company's stock worth $217,000 after purchasing an additional 216 shares during the last quarter. Woodline Partners LP raised its holdings in Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company's stock worth $638,000 after purchasing an additional 1,463 shares during the last quarter. MBB Public Markets I LLC acquired a new position in shares of Generac in the first quarter worth $298,000. Finally, Ascent Group LLC raised its holdings in shares of Generac by 4.9% in the first quarter. Ascent Group LLC now owns 4,727 shares of the technology company's stock worth $599,000 after acquiring an additional 221 shares during the last quarter. 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 stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the transaction, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a report on Tuesday, July 29th. TD Cowen boosted their price target on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group reissued a "buy" rating and issued a $220.00 price target (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Wells Fargo & Company boosted their price target on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Citigroup reissued a "neutral" rating and issued a $219.00 price target (up from $138.00) on shares of Generac in a report on Tuesday, August 26th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $174.56.

Generac Stock Up 1.5%

Shares of NYSE GNRC traded up $2.77 on Thursday, hitting $184.06. The company had a trading volume of 848,910 shares, compared to its average volume of 763,874. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The business has a 50 day moving average of $179.61 and a two-hundred day moving average of $144.56. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $10.80 billion, a P/E ratio of 30.57, a PEG ratio of 1.45 and a beta of 1.63.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The company's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac 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.