FNY Investment Advisers LLC Buys New Holdings in Generac Holdings Inc. $GNRC

FNY Investment Advisers LLC acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 401 shares of the technology company’s stock, valued at approximately $57,000.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after purchasing an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Generac in the 1st quarter worth approximately $245,000. Cambridge Investment Research Advisors Inc. boosted its position in Generac by 15.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock worth $3,232,000 after purchasing an additional 3,345 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in Generac in the 1st quarter worth approximately $299,000. Finally, Amundi boosted its position in Generac by 8.2% in the 1st quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after purchasing an additional 7,923 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the 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 completion of the transaction, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Guggenheim lowered their price objective on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research report on Thursday, October 9th. TD Cowen upped their target price on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Zacks Research downgraded Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Finally, Citigroup reduced their target price on Generac from $219.00 to $217.00 and set a “neutral” rating for the company in a research note on Tuesday. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $188.94.

Generac Stock Up 3.3%

NYSE GNRC opened at $189.13 on Friday. The business has a fifty day moving average price of $181.54 and a 200 day moving average price of $152.71. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The company has a market cap of $11.10 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.55 and a beta of 1.64.

Generac (NYSE:GNRC) last posted 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. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the company earned $1.35 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.