Union Bancaire Privee UBP SA Acquires Shares of 5,892 Generac Holdings Inc. $GNRC

Key Points

• Union Bancaire Privee UBP SA acquired 5,892 shares of Generac Holdings Inc., valued at approximately $844,000, as disclosed in a recent SEC filing.
• CEO Aaron Jagdfeld sold 5,000 shares of Generac for about $906,050, reducing his ownership by 0.90%.
• Generac has received positive ratings from several analysts, with Guggenheim upgrading the stock to a "buy" and setting a price target of $190.00.

Union Bancaire Privee UBP SA acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,892 shares of the technology company's stock, valued at approximately $844,000.

A number of other institutional investors have also recently bought and sold shares of GNRC. MassMutual Private Wealth & Trust FSB grew its stake in Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after purchasing an additional 77 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac during the 1st quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in shares of Generac during the 2nd quarter worth $36,000. Private Trust Co. NA grew its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares during the period. Finally, Colonial Trust Advisors grew its stake in shares of Generac by 357.1% during the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after acquiring an additional 250 shares during the period. Institutional investors own 84.04% of the company's stock.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm'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 sale, the chief executive officer owned 552,966 shares of the company's stock, valued at $100,202,968.86. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several research reports. Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research note on Tuesday, July 29th. Canaccord Genuity Group cut their price target on Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. UBS Group reiterated a "buy" rating and set a $220.00 price target (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. TD Cowen increased their price target on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Citigroup restated a "neutral" rating and issued a $219.00 target price (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and a consensus target price of $184.11.

Generac Stock Up 1.1%

Shares of NYSE GNRC opened at $167.58 on Wednesday. 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 simple moving average of $183.01 and a two-hundred day simple moving average of $146.88. 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 company has a market cap of $9.83 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.33 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, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business 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 company earned $1.35 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.

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.