MFA Wealth Advisors LLC Decreases Position in Generac Holdings Inc. $GNRC

Key Points

• MFA Wealth Advisors LLC significantly reduced its stakes in Generac Holdings Inc. by 80.1% during the second quarter, now holding only 2,991 shares valued at $428,000.
• Several hedge funds have increased their positions in Generac, with Jones Financial Companies Lllp seeing a staggering 5,071.6% growth in its holdings during the first quarter.
• Generac has recently received positive ratings from analysts, with Wall Street Zen upgrading the stock from a "hold" to a "buy," and multiple firms adjusting price targets upwards, including Wells Fargo & Company, which set a new price objective of $180.00.

MFA Wealth Advisors LLC decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 80.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,991 shares of the technology company's stock after selling 12,002 shares during the quarter. MFA Wealth Advisors LLC's holdings in Generac were worth $428,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in GNRC. Invesco Ltd. grew its stake in shares of 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 last quarter. Jones Financial Companies Lllp grew its position in Generac by 5,071.6% during the 1st quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock worth $31,701,000 after purchasing an additional 245,466 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Generac by 77.3% during the 1st quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock valued at $60,077,000 after purchasing an additional 206,311 shares in the last quarter. Nuveen LLC purchased a new position in shares of Generac in the first quarter worth $23,375,000. Finally, Federated Hermes Inc. raised its holdings in shares of Generac by 51.0% in the first quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock worth $58,048,000 after buying an additional 154,867 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GNRC has been the topic of several research reports. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a research report on Saturday. Wells Fargo & Company increased their price objective on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Roth Capital raised their price objective on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Citigroup reiterated a "neutral" rating and issued a $219.00 target price (up previously from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Finally, Barclays set a $200.00 price target on shares of Generac and gave the stock an "equal weight" rating in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $180.78.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 sale, the chief executive officer directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company's stock.

Generac Price Performance

Generac stock opened at $185.73 on Tuesday. The stock has a market capitalization of $10.90 billion, a P/E ratio of 30.85, a P/E/G ratio of 1.46 and a beta of 1.63. The company's fifty day moving average price is $180.97 and its 200 day moving average price is $145.48. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. 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 posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share 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 company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The firm's revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate 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.

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