Voya Investment Management LLC Sells 684 Shares of Generac Holdings Inc. $GNRC

Voya Investment Management LLC lessened its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.2% in the first quarter, Holdings Channel.com reports. The firm owned 336,785 shares of the technology company’s stock after selling 684 shares during the period. Voya Investment Management LLC’s holdings in Generac were worth $42,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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 purchasing an additional 137,363 shares during the period. Ariel Investments LLC boosted 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 period. Invesco Ltd. boosted 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 period. Dimensional Fund Advisors LP boosted 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 period. Finally, Brown Advisory Inc. boosted 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 period. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GNRC shares. Wall Street Zen lowered shares of Generac from a “buy” rating to a “hold” rating in a research report on Monday, September 1st. Wells Fargo & Company raised their target price on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. UBS Group reaffirmed a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Barclays set a $200.00 target price on shares of Generac and gave the company an “equal weight” rating in a research note on Wednesday, July 30th. Finally, TD Cowen raised their target price on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.56.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the transaction, the chief executive officer directly owned 552,966 shares of the company’s stock, valued at $100,202,968.86. The trade was 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 link. 2.70% of the stock is currently owned by insiders.

Generac Trading Down 1.7%

GNRC stock opened at $184.70 on Friday. 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 Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company’s 50 day moving average price is $176.95 and its two-hundred day moving average price is $143.26. The company has a market capitalization of $10.84 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.63.

Generac (NYSE:GNRC) last issued its earnings results 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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The firm’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, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current fiscal 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.