Nitorum Capital L.P. Trims Stake in Generac Holdings Inc. $GNRC

Key Points

• Nitorum Capital L.P. has reduced its stake in Generac Holdings Inc. by 9.8%, selling 19,508 shares, and now holds 180,181 shares valued at approximately $22.82 million.
• Wall Street analysts have given Generac a consensus rating of "Moderate Buy", with target prices ranging from $140 to $210.
• The company's latest earnings report showed an EPS of $1.65, exceeding expectations, with revenue of $1.06 billion for the quarter, marking a 6.3% year-over-year increase.

Nitorum Capital L.P. trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,181 shares of the technology company's stock after selling 19,508 shares during the quarter. Generac comprises approximately 3.2% of Nitorum Capital L.P.'s holdings, making the stock its 14th biggest position. Nitorum Capital L.P. owned about 0.30% of Generac worth $22,820,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac in the 1st quarter worth approximately $28,000. Private Trust Co. NA increased its holdings in Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Colonial Trust Advisors increased its holdings in Generac by 357.1% in the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after acquiring an additional 250 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Generac during the 1st quarter valued at approximately $54,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Generac by 1,525.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock valued at $74,000 after buying an additional 549 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Price Performance

GNRC traded up $3.04 during trading hours on Friday, hitting $181.22. The company's stock had a trading volume of 642,738 shares, compared to its average volume of 788,807. The business's 50-day moving average price is $173.40 and its 200-day moving average price is $141.69. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 1.45 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.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the business posted $1.35 earnings per share. Generac's quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GNRC shares. Stifel Nicolaus increased their price objective on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. 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 note on Tuesday, July 29th. Wells Fargo & Company boosted their price target on shares of Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Barclays set a $200.00 price target on shares of Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Finally, Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a research note on Monday, September 1st. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $174.56.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.