Stiles Financial Services Inc Boosts Stock Holdings in Generac Holdings Inc. $GNRC

Key Points

• Stiles Financial Services Inc increased its stake in Generac Holdings Inc. by 10.1%, holding a total of 17,616 shares valued at approximately $2.5 million.
• Generac reported earnings of $1.65 per share, exceeding analyst expectations of $1.33, with revenue of $1.06 billion for the quarter, a 6.3% increase year-over-year.
• Several large investors have recently increased their holdings in Generac, with hedge funds and institutional investors owning 84.04% of the stock.

Stiles Financial Services Inc lifted its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,616 shares of the technology company's stock after acquiring an additional 1,615 shares during the quarter. Stiles Financial Services Inc's holdings in Generac were worth $2,523,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after buying an additional 77 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Generac in the 1st quarter valued at about $28,000. Creative Capital Management Investments LLC raised its holdings in shares of Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Generac in the 2nd quarter valued at about $36,000. Finally, Private Trust Co. NA raised its holdings 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 valued at $38,000 after purchasing an additional 90 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Up 0.2%

Shares of GNRC opened at $171.72 on Friday. 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 firm has a market capitalization of $10.08 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.37 and a beta of 1.64. The firm has a 50-day moving average price of $183.62 and a 200 day moving average price of $148.46. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25.

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

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the sale, the chief executive officer owned 547,966 shares of the company's stock, valued at $91,740,467.72. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Roth Capital boosted their price objective on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus boosted their target price on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Guggenheim dropped their target price on shares of Generac from $210.00 to $202.00 and set a "buy" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Generac in a research report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $184.11.

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.

Want to see what other hedge funds are holding GNRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Generac Holdings Inc. (NYSE:GNRC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.