Prime Capital Investment Advisors LLC Sells 2,433 Shares of Generac Holdings Inc. $GNRC

Key Points

• Prime Capital Investment Advisors LLC has reduced its stake in Generac Holdings Inc. by 43.7%, selling 2,433 shares and now holding 3,139 shares valued at approximately $450,000.
• Several other institutional investors have increased their positions in Generac, with Invesco boosting its stake by 25.3% and Jones Financial Companies raising theirs by an impressive 5,071.6%.
• Analysts have mixed ratings on Generac, with TD Cowen raising their price target to $198.00 while Wall Street Zen downgraded it to a "hold," reflecting varying investor sentiment around the stock.

Prime Capital Investment Advisors LLC decreased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 43.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,139 shares of the technology company's stock after selling 2,433 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Generac were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Invesco Ltd. boosted its position 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 purchasing an additional 285,388 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Generac by 5,071.6% during the first quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock worth $31,701,000 after acquiring an additional 245,466 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Generac by 77.3% during the first quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock worth $60,077,000 after acquiring an additional 206,311 shares in the last quarter. Nuveen LLC bought a new position in shares of Generac during the 1st quarter valued at about $23,375,000. Finally, Federated Hermes Inc. lifted its holdings 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 purchasing an additional 154,867 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value 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. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

GNRC has been the topic of several recent analyst reports. TD Cowen lifted their price objective on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. UBS Group reaffirmed a "buy" rating and issued a $220.00 price target (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Wall Street Zen lowered shares of Generac from a "buy" rating to a "hold" rating in a research note on Sunday, September 28th. Barclays cut their price objective on shares of Generac from $200.00 to $188.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Generac from $165.00 to $180.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $184.11.

Generac Trading Down 1.0%

Shares of Generac stock opened at $170.23 on Friday. 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 $9.99 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.37 and a beta of 1.64. 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 business's 50 day moving average is $183.16 and its 200-day moving average is $148.70.

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

About Generac

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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