Wealth Enhancement Advisory Services LLC Has $7.40 Million Position in Generac Holdings Inc. $GNRC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Generac Holdings Inc. by 160.1% during the second quarter, bringing its ownership to $7.40 million with a total of 48,559 shares.
• CEO Aaron Jagdfeld sold 5,000 shares at an average price of $181.21, resulting in a total sale value of $906,050, decreasing their ownership by 0.90%.
• Generac reported a net margin of 7.91% and earnings per share of $1.65, exceeding analyst estimates during the last quarter, with projected revenue of $1.06 billion.

Wealth Enhancement Advisory Services LLC raised its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 160.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,559 shares of the technology company's stock after buying an additional 29,889 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.08% of Generac worth $7,399,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Generac in the 1st quarter valued at $28,000. Private Trust Co. NA lifted its stake 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 during the last quarter. Colonial Trust Advisors lifted its stake in shares of Generac by 357.1% in the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock valued at $41,000 after purchasing an additional 250 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Generac in the 1st quarter valued at $54,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Insiders Place Their Bets

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

Generac Trading Down 10.3%

Shares of NYSE GNRC opened at $166.63 on Wednesday. The company's 50 day simple moving average is $181.37 and its 200 day simple moving average is $145.62. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The firm has a market capitalization of $9.78 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.49 and a beta of 1.63. 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 for the quarter, beating the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.35 earnings per share. Generac's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GNRC. UBS Group reiterated a "buy" rating and issued a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Wells Fargo & Company lifted their target price on shares of Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Roth Capital lifted their target price on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. TD Cowen boosted their price objective on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Stephens restated an "overweight" rating and set a $175.00 price objective on shares of Generac in a report on Tuesday, May 27th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $180.78.

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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