Venture Visionary Partners LLC Has $1.28 Million Holdings in Generac Holdings Inc. $GNRC

Key Points

• Venture Visionary Partners LLC has reduced its stake in Generac Holdings Inc. by 16.8%, now holding a total of 8,968 shares worth approximately $1.28 million.
• Institutional investors collectively own 84.04% of Generac's stock, with various funds adjusting their positions significantly in the last quarter.
• Generac's recent earnings exceeded expectations, reporting $1.65 earnings per share and revenue of $1.06 billion for the last quarter, reflecting a 6.3% increase year-over-year.

Venture Visionary Partners LLC decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,968 shares of the technology company's stock after selling 1,810 shares during the quarter. Venture Visionary Partners LLC's holdings in Generac were worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Generac during the first quarter valued at approximately $245,000. Cambridge Investment Research Advisors Inc. grew its stake in Generac by 15.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after purchasing an additional 3,345 shares in the last quarter. Integrity Alliance LLC. acquired a new position in shares of Generac during the 1st quarter worth approximately $299,000. Finally, Amundi raised its stake in shares of Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company's stock worth $12,147,000 after purchasing an additional 7,923 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the transaction, the chief executive officer directly owned 552,966 shares in the company, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GNRC. Canaccord Genuity Group decreased their target price on shares of Generac from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Barclays set a $200.00 price objective on shares of Generac and gave the company an "equal weight" rating in a research report on Wednesday, July 30th. Wells Fargo & Company upped their target price on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen cut Generac from a "buy" rating to a "hold" rating in a report on Sunday. Finally, TD Cowen upped their price objective on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $184.11.

Generac Trading Up 1.1%

Shares of NYSE:GNRC opened at $167.58 on Wednesday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The business has a 50 day moving average of $183.01 and a 200-day 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 stock has a market cap of $9.83 billion, a PE 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 announced its 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. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current 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.