Patton Fund Management Inc. Makes New $279,000 Investment in Generac Holdings Inc. $GNRC

Key Points

• Patton Fund Management Inc. has made a new investment of $279,000 in Generac Holdings Inc., acquiring 1,950 shares of the company.
• A significant portion of Generac's stock, approximately 84.04%, is currently held by institutional investors and hedge funds, signaling strong institutional interest.
• Generac reported earnings of $1.65 per share for the last quarter, surpassing analyst expectations, with a revenue increase of 6.3% compared to the same period last year.

Patton Fund Management Inc. bought a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,950 shares of the technology company's stock, valued at approximately $279,000.

A number of other institutional investors have also recently added to or reduced their stakes in GNRC. Invesco Ltd. lifted its position in Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after purchasing an additional 285,388 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Generac by 5,071.6% during the 1st quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock valued at $31,701,000 after acquiring an additional 245,466 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of 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 acquiring an additional 206,311 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Generac during the 1st quarter valued at $23,375,000. Finally, Federated Hermes Inc. lifted its position in shares of Generac by 51.0% during the 1st quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock valued at $58,048,000 after acquiring an additional 154,867 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Trading Up 2.5%

NYSE GNRC opened at $168.42 on Friday. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year 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 company has a market capitalization of $9.88 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.32 and a beta of 1.63. The firm's fifty day simple moving average is $182.37 and its 200-day simple moving average is $146.26.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Generac's revenue for the quarter was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GNRC shares. UBS Group reiterated a "buy" rating and set a $220.00 price objective (up previously from $200.00) on shares of Generac in a research report on Thursday, July 31st. Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a research report on Tuesday, July 29th. Stifel Nicolaus boosted their target price on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company boosted their target price on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Citigroup reissued a "neutral" rating and set a $219.00 target price (up from $138.00) on shares of Generac in a research note on Tuesday, August 26th. Twelve 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, the company has an average rating of "Moderate Buy" and an average target price of $184.11.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00. Following the transaction, the chief executive officer directly owned 552,966 shares of the company's stock, valued at $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by insiders.

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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