Traub Capital Management LLC Buys New Position in Generac Holdings Inc. $GNRC

Traub Capital Management LLC purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, HoldingsChannel reports. The fund purchased 1,300 shares of the technology company’s stock, valued at approximately $186,000.

Several other hedge funds also recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky boosted its holdings in Generac by 2.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,167 shares of the technology company’s stock worth $654,000 after purchasing an additional 110 shares during the last quarter. PFG Advisors boosted its stake in shares of Generac by 42.6% during the 1st quarter. PFG Advisors now owns 3,596 shares of the technology company’s stock worth $455,000 after buying an additional 1,074 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Generac in the 1st quarter valued at about $1,150,000. Nvwm LLC increased its position in shares of Generac by 3.0% in the first quarter. Nvwm LLC now owns 3,451 shares of the technology company’s stock valued at $437,000 after acquiring an additional 99 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in Generac by 8.8% during the first quarter. Empirical Finance LLC now owns 1,833 shares of the technology company’s stock worth $232,000 after acquiring an additional 148 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at $90,365,831.38. This represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 15,000 shares of company stock valued at $2,575,300. Insiders own 2.70% of the company’s stock.

Generac Stock Up 3.4%

Generac stock opened at $147.31 on Thursday. The company’s 50-day moving average price is $172.08 and its two-hundred day moving average price is $160.12. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.64 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.53 and a beta of 1.69. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25.

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

Wall Street Analyst Weigh In

GNRC has been the subject of a number of analyst reports. Barclays raised their price target on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Roth Capital set a $184.00 price objective on Generac and gave the company a “neutral” rating in a report on Thursday, October 30th. UBS Group lowered their target price on shares of Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. TD Cowen upped their price target on shares of Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their price target on shares of Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Thirteen 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, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $191.06.

About Generac

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.