Strs Ohio Makes New Investment in Generac Holdings Inc. $GNRC

Key Points

• Strs Ohio acquired 7,829 shares of Generac Holdings Inc. worth approximately $992,000 during the first quarter of the year.
• Institutional ownership of Generac stock is high, with 84.04% of shares held by institutional investors and hedge funds.
• Several analysts have given Generac a consensus rating of Moderate Buy with an average target price of $174.56, reflecting positive sentiment despite varying individual ratings.

Strs Ohio bought a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,829 shares of the technology company's stock, valued at approximately $992,000.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Generac by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after acquiring an additional 72 shares in the last quarter. Covestor Ltd grew its stake in Generac by 16.2% during the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock worth $75,000 after buying an additional 83 shares during the last quarter. Private Trust Co. NA lifted its stake in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after buying an additional 90 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Generac by 13.1% during the first quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company's stock worth $100,000 after acquiring an additional 91 shares during the last quarter. Finally, Nvwm LLC increased its holdings in shares of Generac by 3.0% in the 1st quarter. Nvwm LLC now owns 3,451 shares of the technology company's stock valued at $437,000 after acquiring an additional 99 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GNRC. Roth Capital increased their target price 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. Wall Street Zen upgraded shares of Generac from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays set a $200.00 target price on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Tuesday, July 29th. Finally, Stephens reaffirmed an "overweight" rating and set a $175.00 price target on shares of Generac in a research note on Tuesday, May 27th. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $180.78.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Generac Trading Up 1.9%

NYSE:GNRC traded up $3.45 on Monday, reaching $185.73. The stock had a trading volume of 1,300,936 shares, compared to its average volume of 807,752. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 30.85, a P/E/G ratio of 1.46 and a beta of 1.63. The firm's fifty day moving average is $180.97 and its two-hundred day moving average is $145.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.32. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.