Ameritas Advisory Services LLC Invests $108,000 in Generac Holdings Inc. $GNRC

Ameritas Advisory Services LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 751 shares of the technology company’s stock, valued at approximately $108,000.

Several other institutional investors also recently bought and sold shares of the business. Abundance Wealth Counselors increased its holdings in Generac by 4.3% during the second quarter. Abundance Wealth Counselors now owns 5,552 shares of the technology company’s stock valued at $795,000 after buying an additional 231 shares during the period. Hilltop National Bank purchased a new position in Generac during the second quarter valued at approximately $98,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Generac by 10.7% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,092 shares of the technology company’s stock valued at $1,159,000 after buying an additional 781 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in Generac by 47.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 39,062 shares of the technology company’s stock valued at $5,594,000 after buying an additional 12,611 shares during the period. Finally, Forza Wealth Management LLC increased its holdings in Generac by 14.8% during the second quarter. Forza Wealth Management LLC now owns 1,941 shares of the technology company’s stock valued at $278,000 after buying an additional 250 shares during the period. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays cut their price objective on shares of Generac from $200.00 to $188.00 and set an “equal weight” rating on the stock in a report on Monday. Roth Capital lifted 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. Canaccord Genuity Group cut their price target on shares of Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Generac from $165.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Stifel Nicolaus lifted their price target on shares of Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $184.11.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Trading Up 0.2%

NYSE:GNRC opened at $171.72 on Friday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a fifty day simple moving average of $183.62 and a 200-day simple moving average of $148.46. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $10.08 billion, a P/E ratio of 28.52, a PEG ratio of 1.37 and a beta of 1.64.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter 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 earnings per share for the current 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.