Moran Wealth Management LLC Increases Holdings in Generac Holdings Inc. $GNRC

Key Points

• Moran Wealth Management LLC increased its position in Generac Holdings Inc. by 9.6% during the 2nd quarter, owning 26,758 shares valued at approximately $3.83 million.
• Multiple analysts have provided ratings for Generac, with a consensus price target of $184.11, reflecting a moderate buy sentiment among twelve analysts.
• Generac recently reported earnings per share of $1.65, surpassing expectations, along with a year-over-year revenue increase of 6.3%.

Moran Wealth Management LLC raised its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,758 shares of the technology company's stock after acquiring an additional 2,338 shares during the quarter. Moran Wealth Management LLC's holdings in Generac were worth $3,832,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Generac by 19.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Generac during the 1st quarter valued at approximately $245,000. Cambridge Investment Research Advisors Inc. boosted its position in Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after acquiring an additional 3,345 shares in the last quarter. Amundi boosted its position in Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company's stock valued at $12,147,000 after acquiring an additional 7,923 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new stake in Generac during the 1st quarter valued at approximately $299,000. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GNRC has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on Generac from $165.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Weiss Ratings reissued a "hold (c)" rating on shares of Generac in a research report on Wednesday, October 8th. Citigroup cut Generac from a "neutral" rating to a "negative" rating in a research report on Thursday, October 9th. 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 research report on Thursday, July 31st. Finally, Guggenheim dropped their price target on Generac from $210.00 to $202.00 and set a "buy" rating on the stock in a research report on Thursday, October 9th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $184.11.

Generac Stock Performance

GNRC stock opened at $183.73 on Wednesday. The stock has a market capitalization of $10.78 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. 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's 50 day simple moving average is $182.44 and its 200 day simple moving average is $149.49.

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 the consensus estimate of $1.33 by $0.32. The business had revenue of $1.06 billion for 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 firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal 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 Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

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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