Retirement Planning Co of New England Inc. Buys 1,726 Shares of Generac Holdings Inc. $GNRC

Key Points

• Retirement Planning Co of New England Inc. increased its stake in Generac Holdings by 80.9%, owning a total of 3,859 shares valued at approximately $489,000.
• Generac reported earnings of $1.65 per share, exceeding analyst expectations, alongside a revenue of $1.06 billion for the quarter, marking a 6.3% annual increase.
• Several institutional investors, including Vanguard Group and Invesco, have recently boosted their positions in Generac, indicating strong market confidence as institutional ownership rises to 84.04%.

Retirement Planning Co of New England Inc. grew its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 80.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,859 shares of the technology company's stock after purchasing an additional 1,726 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in Generac were worth $489,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of 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 worth $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Generac during the 1st quarter worth $245,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after acquiring an additional 3,345 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Generac by 20.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company's stock worth $217,000 after acquiring an additional 295 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY bought a new stake in shares of Generac during the 1st quarter worth $2,962,000. 84.04% of the stock is owned by institutional investors.

Generac Stock Up 1.7%

NYSE GNRC traded up $3.02 on Thursday, reaching $178.16. The stock had a trading volume of 736,760 shares, compared to its average volume of 930,490. The business has a 50 day moving average price of $171.91 and a 200 day moving average price of $141.19. 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 Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.48 and a beta of 1.63.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results 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 return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.35 earnings per share. The business's quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, analysts forecast that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's 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 transaction, the chief executive officer owned 552,966 shares in the company, valued at $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 available through the SEC website. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective for the company in a research note on Tuesday, July 29th. UBS Group reissued a "buy" rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Barclays set a $200.00 price target on Generac and gave the company an "equal weight" rating in a report on Wednesday, July 30th. TD Cowen lifted their price target on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Stephens reiterated an "overweight" rating and set a $175.00 price target on shares of Generac in a report on Tuesday, May 27th. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $174.56.

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.