16,414 Shares in Generac Holdings Inc. $GNRC Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Generac Holdings Inc. (NYSE:GNRC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,414 shares of the technology company’s stock, valued at approximately $2,351,000.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Generac by 151.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the technology company’s stock worth $2,365,000 after acquiring an additional 11,252 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Generac by 22.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 733 shares of the technology company’s stock worth $93,000 after acquiring an additional 133 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after acquiring an additional 3,345 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Generac by 10.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,725 shares of the technology company’s stock worth $1,485,000 after acquiring an additional 1,084 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Generac by 20.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company’s stock worth $217,000 after acquiring an additional 295 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Roth Capital upped their price objective on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. TD Cowen increased their price target on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Barclays decreased their price target on Generac from $200.00 to $188.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Stifel Nicolaus increased their price target on Generac from $195.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Citigroup decreased their price target on Generac from $219.00 to $217.00 and set a “neutral” rating on the stock in a report on Tuesday. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $185.47.

Generac Stock Performance

NYSE:GNRC opened at $192.71 on Wednesday. The stock’s fifty day moving average is $182.14 and its 200 day moving average is $151.96. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The firm has a market capitalization of $11.31 billion, a PE ratio of 32.01, a PEG ratio of 1.56 and a beta of 1.64. 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 (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.Generac’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at $91,740,467.72. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

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.