Oak Family Advisors LLC Acquires 1,372 Shares of Generac Holdings Inc. $GNRC

Oak Family Advisors LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 47,804 shares of the technology company’s stock after acquiring an additional 1,372 shares during the period. Generac comprises 2.2% of Oak Family Advisors LLC’s holdings, making the stock its 14th largest holding. Oak Family Advisors LLC’s holdings in Generac were worth $6,846,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GNRC. MassMutual Private Wealth & Trust FSB increased its position in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Generac during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of Generac during the second quarter worth $36,000. Private Trust Co. NA increased its position in shares of Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after buying an additional 90 shares during the period. Finally, Colonial Trust Advisors increased its position in shares of Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company’s stock worth $41,000 after buying an additional 250 shares during the period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several recent analyst reports. Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Tuesday, July 29th. Wells Fargo & Company raised their price target 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. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a report on Sunday. Canaccord Genuity Group reduced their price target on shares of Generac from $250.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Finally, UBS Group restated a “buy” rating and issued a $220.00 price target (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.11.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the transaction, the chief executive officer directly owned 552,966 shares in the company, valued at $100,202,968.86. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Stock Down 1.7%

Shares of NYSE GNRC opened at $165.48 on Tuesday. The stock has a market capitalization of $9.71 billion, a P/E ratio of 27.49, a P/E/G ratio of 1.35 and a beta of 1.63. The company has a 50-day moving average price of $182.67 and a 200-day moving average price of $146.74. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 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.

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

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.