Generac Holdings Inc. $GNRC Shares Acquired by True Vision MN LLC

True Vision MN LLC grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,222 shares of the technology company’s stock after acquiring an additional 110 shares during the quarter. True Vision MN LLC’s holdings in Generac were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Generac in the 1st quarter worth $28,000. Creative Capital Management Investments LLC increased its stake in shares of Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Generac in the 2nd quarter worth $36,000. Finally, Private Trust Co. NA increased its stake in shares of Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after acquiring an additional 90 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was 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. This trade represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of recent research reports. TD Cowen raised 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. Citigroup reiterated a “neutral” rating and set a $219.00 price target (up from $138.00) on shares of Generac in a report on Tuesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Saturday, September 27th. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Roth Capital increased their price target on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Twelve equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Generac has an average rating of “Moderate Buy” and an average target price of $183.44.

Generac Stock Performance

Shares of Generac stock opened at $164.26 on Tuesday. The business has a 50-day moving average of $183.99 and a 200 day moving average of $147.94. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock has a market capitalization of $9.64 billion, a price-to-earnings ratio of 27.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.64. 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 announced its 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 return on equity of 19.14% and a net margin of 7.91%.The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business posted $1.35 EPS. Generac’s revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Generac Company 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.