Secure Asset Management LLC Has $2.60 Million Holdings in Generac Holdings Inc. $GNRC

Key Points

• Secure Asset Management LLC increased its stake in Generac Holdings Inc. by 8.8% during the second quarter, bringing its total investment to approximately $2.60 million.
• Generac CEO Aaron Jagdfeld sold 5,000 shares of company stock for a total of $906,050, yet retains a significant ownership of about 552,966 shares.
• Despite reporting a strong quarterly earnings of $1.65 EPS, Generac's stock has seen a slight decline of 1.2%, currently opening at $181.40.

Secure Asset Management LLC increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 8.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,147 shares of the technology company's stock after acquiring an additional 1,467 shares during the period. Secure Asset Management LLC's holdings in Generac were worth $2,599,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GNRC. MassMutual Private Wealth & Trust FSB grew its position in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock worth $25,000 after acquiring an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Generac during the 1st quarter worth $28,000. Private Trust Co. NA raised its stake in shares of 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 buying an additional 90 shares in the last quarter. Colonial Trust Advisors grew its stake in Generac by 357.1% in the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock valued at $41,000 after purchasing an additional 250 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Generac during the 1st quarter worth about $54,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Up 0.8%

Generac stock traded up $1.46 during trading on Monday, reaching $183.74. The stock had a trading volume of 490,758 shares, compared to its average volume of 926,725. The stock has a market cap of $10.78 billion, a PE ratio of 30.48, a P/E/G ratio of 1.46 and a beta of 1.63. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The business has a 50 day moving average price of $180.24 and a 200 day moving average price of $145.14.

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 analysts' expectations of $1.03 billion. During the same period in the prior year, the company posted $1.35 EPS. The business's revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 completion of the transaction, the chief executive officer owned 552,966 shares of the company's stock, valued at $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on GNRC shares. TD Cowen upped 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. Stifel Nicolaus increased their target price on Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised Generac from a "hold" rating to a "buy" rating in a report on Saturday. Roth Capital increased their price target on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group restated a "buy" rating and set a $220.00 price target (up from $200.00) on shares of Generac in a research report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $180.78.

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.