Janney Montgomery Scott LLC Lowers Position in Generac Holdings Inc. $GNRC

Key Points

• Janney Montgomery Scott LLC has reduced its stake in Generac Holdings Inc. by 15.9%, now owning about 33,569 shares valued at $4.8 million.
• Generac reported a quarterly earnings per share of $1.65, exceeding the consensus estimate, with revenue growing 6.3% year-over-year.
• Multiple research firms have upgraded their ratings for Generac, with Stifel Nicolaus raising its price target from $195 to $210 and maintaining a "buy" rating.

Janney Montgomery Scott LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 15.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,569 shares of the technology company's stock after selling 6,343 shares during the period. Janney Montgomery Scott LLC owned about 0.06% of Generac worth $4,807,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after buying an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Generac during the first quarter worth about $245,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Generac by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after buying an additional 3,345 shares in the last quarter. Amundi boosted its holdings in Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company's stock worth $12,147,000 after buying an additional 7,923 shares in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in Generac during the first quarter worth about $299,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of GNRC opened at $166.92 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 1.31 and a beta of 1.64. The company's 50 day simple moving average is $184.31 and its 200 day simple moving average is $148.07. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on GNRC. Weiss Ratings reissued a "hold (c)" rating on shares of Generac in a report on Saturday, September 27th. Stifel Nicolaus boosted their price objective on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup reissued a "neutral" rating and set a $219.00 price objective (up previously from $138.00) on shares of Generac in a report on Tuesday, August 26th. UBS Group reaffirmed a "buy" rating and issued a $220.00 price target (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Finally, Guggenheim upgraded shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research report on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and an average price target of $183.44.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.70% of the company's stock.

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.

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