Geneva Capital Management LLC Boosts Holdings in Generac Holdings Inc. $GNRC

Geneva Capital Management LLC raised its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,334 shares of the technology company’s stock after acquiring an additional 748 shares during the quarter. Geneva Capital Management LLC’s holdings in Generac were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of recent research reports. Wells Fargo & Company lifted 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. Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Needham & Company LLC began coverage on shares of Generac in a report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Finally, Barclays boosted their target price on shares of Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a report on Friday. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $191.61.

Generac Price Performance

Generac stock opened at $168.02 on Friday. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The firm has a 50 day moving average price of $179.89 and a 200 day moving average price of $156.31. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.53 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 2.18.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm earned $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.