Venture Visionary Partners LLC Reduces Stock Holdings in Generac Holdings Inc. $GNRC

Key Points

• Venture Visionary Partners LLC has significantly reduced its stake in Generac Holdings Inc. by 49.4%, owning 10,778 shares post-sale, valued at approximately $1.365 million.
• Generac's recent financial performance shows an earnings per share (EPS) of $1.65 for the last quarter, exceeding analyst expectations of $1.33.
• Despite reduced holdings by some investors, multiple firms like Invesco Ltd. and DAVENPORT & Co LLC have increased their stakes, indicating ongoing institutional interest in Generac's stock.

Venture Visionary Partners LLC decreased its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,778 shares of the technology company's stock after selling 10,538 shares during the period. Venture Visionary Partners LLC's holdings in Generac were worth $1,365,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GNRC. Invesco Ltd. lifted its stake in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after buying an additional 285,388 shares in the last quarter. DAVENPORT & Co LLC lifted its position in shares of Generac by 77.3% during the first quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock worth $60,077,000 after acquiring an additional 206,311 shares in the last quarter. Nuveen LLC bought a new position in shares of Generac in the first quarter worth $23,375,000. Federated Hermes Inc. boosted its holdings in shares of Generac by 51.0% in the first quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock worth $58,048,000 after acquiring an additional 154,867 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Generac by 27.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock valued at $110,544,000 after purchasing an additional 153,141 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the sale, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

Generac Trading Down 4.8%

Shares of GNRC stock opened at $189.4540 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a market capitalization of $11.12 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. The business's fifty day moving average is $160.40 and its 200 day moving average is $138.30.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on GNRC shares. Wells Fargo & Company raised their target price on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Roth Capital increased their price target on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Stephens restated an "overweight" rating and issued a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Citigroup raised shares of Generac from a "neutral" rating to a "mixed" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. raised shares of Generac from a "neutral" rating to an "overweight" rating and raised their price target for the company from $56.00 to $68.00 in a report on Monday, August 11th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $170.06.

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.

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