Kovitz Investment Group Partners LLC Sells 4,597 Shares of Generac Holdings Inc. $GNRC

Key Points

• Kovitz Investment Group Partners LLC reduced its stake in Generac Holdings Inc. by 10.2%, holding 40,499 shares worth approximately $5.13 million after selling 4,597 shares in the 1st quarter.
• Generac has received mixed ratings from analysts, with Barclays setting a price target of $200 and JPMorgan Chase upgrading their rating to "overweight" with a target of $68.
• Generac reported a 6.3% year-over-year revenue increase, with a quarterly earnings per share of $1.65, surpassing analysts' expectations of $1.33.

Kovitz Investment Group Partners LLC cut its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 10.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,499 shares of the technology company's stock after selling 4,597 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.07% of Generac worth $5,129,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in Generac by 35.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,268 shares of the technology company's stock valued at $352,000 after purchasing an additional 599 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Generac during the fourth quarter valued at approximately $1,640,000. Townsquare Capital LLC raised its holdings in Generac by 3.2% in the fourth quarter. Townsquare Capital LLC now owns 3,209 shares of the technology company's stock worth $498,000 after purchasing an additional 99 shares in the last quarter. Mariner LLC boosted its holdings in shares of Generac by 17.2% during the 4th quarter. Mariner LLC now owns 10,367 shares of the technology company's stock valued at $1,607,000 after buying an additional 1,522 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Generac in the 4th quarter worth about $1,074,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GNRC. TD Cowen boosted their price objective on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Barclays set a $200.00 price target on Generac and gave the stock an "equal weight" rating in a research report on Wednesday, July 30th. UBS Group reissued a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Citigroup upgraded shares of Generac from a "neutral" rating to a "mixed" rating in a report on Friday, July 11th. Finally, TD Securities lowered their price objective on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Generac currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.06.

Generac Stock Performance

GNRC traded up $2.8380 during trading on Friday, hitting $193.3880. The company's stock had a trading volume of 305,505 shares, compared to its average volume of 935,057. The business's 50 day simple moving average is $161.64 and its 200-day simple moving average is $138.61. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. 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 cap of $11.35 billion, a PE ratio of 32.17, a P/E/G ratio of 1.52 and a beta of 1.68.

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

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the sale, the chief executive officer directly owned 562,966 shares of the company's stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.