1,458 Shares in Generac Holdings Inc. $GNRC Purchased by West Bancorporation Inc.

West Bancorporation Inc. purchased a new position in Generac Holdings Inc. (NYSE:GNRC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,458 shares of the technology company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GNRC. Farther Finance Advisors LLC boosted its holdings in shares of Generac by 83.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the technology company’s stock worth $139,000 after buying an additional 501 shares during the last quarter. Integrated Advisors Network LLC lifted its holdings in Generac by 4.9% during the first quarter. Integrated Advisors Network LLC now owns 2,868 shares of the technology company’s stock valued at $363,000 after purchasing an additional 134 shares during the last quarter. CX Institutional purchased a new stake in Generac during the first quarter valued at about $185,000. Azzad Asset Management Inc. ADV purchased a new stake in Generac during the first quarter valued at about $2,000,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Generac by 151.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the technology company’s stock valued at $2,365,000 after purchasing an additional 11,252 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Trading Down 1.0%

Shares of Generac stock opened at $170.23 on Friday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.37 and a beta of 1.64. 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’s 50-day moving average price is $183.16 and its 200-day moving average price is $148.70.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GNRC shares. TD Cowen upped their price objective on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Citigroup downgraded shares of Generac from a “neutral” rating to a “negative” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Wednesday. Wells Fargo & Company upped their price objective on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.11.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares in the company, 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 is accessible through the SEC website. Company insiders own 2.70% of the company’s stock.

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.