Bridges Investment Management Inc. Reduces Position in Generac Holdings Inc. $GNRC

Bridges Investment Management Inc. lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,160 shares of the technology company’s stock after selling 87 shares during the period. Bridges Investment Management Inc.’s holdings in Generac were worth $2,744,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in Generac by 81.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Generac during the 1st quarter worth approximately $28,000. Creative Capital Management Investments LLC boosted its holdings 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 valued at $33,000 after acquiring an additional 200 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Generac in the 2nd quarter valued at $36,000. Finally, Private Trust Co. NA boosted its holdings 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 valued at $38,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

GNRC opened at $192.32 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The firm has a fifty day moving average price of $182.38 and a 200 day moving average price of $150.24. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25. The stock has a market cap of $11.29 billion, a P/E ratio of 31.95, a P/E/G ratio of 1.53 and a beta of 1.64.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the business posted $1.35 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating and issued a $220.00 price objective (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Stifel Nicolaus upped their price objective on shares of Generac from $195.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. 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. Finally, 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. Twelve equities 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.00.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’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 approximately $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.