Integrity Alliance LLC. Acquires Shares of 2,360 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 stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,360 shares of the technology company's stock, valued at approximately $299,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Generac by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock worth $878,053,000 after purchasing an additional 137,363 shares during the last quarter. Ariel Investments LLC grew its holdings in Generac by 10.1% during the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock worth $204,651,000 after acquiring an additional 148,551 shares during the period. Invesco Ltd. grew its holdings in Generac by 25.3% during the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after acquiring an additional 285,388 shares during the period. Dimensional Fund Advisors LP grew its holdings in Generac by 18.0% during the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock worth $108,914,000 after acquiring an additional 131,460 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Generac by 9.0% during the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock worth $102,873,000 after acquiring an additional 67,180 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GNRC shares. TD Cowen upped their price objective on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Stephens reissued an "overweight" rating and issued a $175.00 target price on shares of Generac in a report on Tuesday, May 27th. UBS Group reissued a "buy" rating and issued a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Roth Capital upped their target price on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus upped their target price on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Generac currently has a consensus rating of "Moderate Buy" and an average target price of $174.56.

Generac Price Performance

Shares of GNRC opened at $184.70 on Friday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.50 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. The stock has a 50 day moving average of $176.95 and a 200-day moving average of $143.26.

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

Insider Transactions at Generac

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 transaction of $906,050.00. Following the completion of the transaction, the chief executive officer owned 552,966 shares in the company, valued at approximately $100,202,968.86. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

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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