Ausbil Investment Management Ltd Purchases New Holdings in Generac Holdings Inc. $GNRC

Ausbil Investment Management Ltd purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,961 shares of the technology company’s stock, valued at approximately $567,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Formidable Asset Management LLC raised its stake in Generac by 8.2% in the second quarter. Formidable Asset Management LLC now owns 3,121 shares of the technology company’s stock valued at $447,000 after buying an additional 236 shares during the period. Signaturefd LLC raised its stake in Generac by 17.9% in the second quarter. Signaturefd LLC now owns 664 shares of the technology company’s stock valued at $95,000 after buying an additional 101 shares during the period. Kirr Marbach & Co. LLC IN bought a new stake in Generac in the second quarter valued at approximately $7,574,000. Patton Fund Management Inc. bought a new stake in Generac in the second quarter valued at approximately $279,000. Finally, Investment Partners Asset Management Inc. bought a new stake in Generac in the second quarter valued at approximately $206,000. Institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the transaction, the chief executive officer owned 552,966 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Generac Price Performance

Generac stock opened at $168.42 on Friday. The stock’s fifty day moving average price is $182.37 and its two-hundred day moving average price is $146.36. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The firm has a market cap of $9.88 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 1.35 and a beta of 1.63.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the company earned $1.35 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GNRC has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price objective on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. TD Cowen increased their target price on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Guggenheim upgraded Generac from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, July 29th. Finally, Canaccord Genuity Group lowered their target price on Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday. Twelve equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.11.

About Generac

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.