Abundance Wealth Counselors Has $795,000 Stake in Generac Holdings Inc. $GNRC

Abundance Wealth Counselors raised its position in Generac Holdings Inc. (NYSE:GNRC) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,552 shares of the technology company’s stock after purchasing an additional 231 shares during the quarter. Abundance Wealth Counselors’ holdings in Generac were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock valued at $878,053,000 after acquiring an additional 137,363 shares during the last quarter. Ariel Investments LLC increased its position in shares of Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock valued at $204,651,000 after acquiring an additional 148,551 shares during the last quarter. Invesco Ltd. increased its position in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock valued at $179,148,000 after acquiring an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Generac by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock valued at $108,914,000 after acquiring an additional 131,460 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Generac by 9.0% in the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company’s stock valued at $102,873,000 after acquiring an additional 67,180 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.70% of the company’s stock.

Generac Stock Up 1.1%

Shares of GNRC opened at $169.77 on Friday. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The firm has a market cap of $9.96 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64. The firm’s 50-day simple moving average is $183.64 and its 200 day simple moving average is $147.28. 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 (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $1.35 EPS. Generac’s quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of a number of recent research reports. 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 report on Thursday, September 25th. Guggenheim raised Generac from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a research report on Tuesday, July 29th. UBS Group reaffirmed a “buy” rating and issued a $220.00 target price (up previously from $200.00) on shares of Generac in a research report on Thursday, July 31st. Citigroup reaffirmed a “neutral” rating and issued a $219.00 target price (up previously from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company lifted their target price on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Generac presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.11.

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.