Valeo Financial Advisors LLC Acquires Shares of 1,518 Generac Holdings Inc. $GNRC

Valeo Financial Advisors LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 1,518 shares of the technology company’s stock, valued at approximately $217,000.

A number of other hedge funds have also made changes to their positions in GNRC. Invesco Ltd. increased its holdings in Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock valued at $179,148,000 after purchasing an additional 285,388 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Generac by 5,071.6% during the first quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company’s stock worth $31,701,000 after purchasing an additional 245,466 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of Generac by 77.3% in the first quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company’s stock valued at $60,077,000 after buying an additional 206,311 shares in the last quarter. Nuveen LLC bought a new position in shares of Generac in the first quarter valued at about $23,375,000. Finally, Federated Hermes Inc. raised its holdings in shares of Generac by 51.0% in the first quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company’s stock valued at $58,048,000 after buying an additional 154,867 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GNRC shares. Barclays decreased their price objective on shares of Generac from $200.00 to $188.00 and set an “equal weight” rating on the stock in a report on Monday. Stifel Nicolaus increased their price target on shares of Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Guggenheim dropped their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Thursday. Finally, UBS Group reissued a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.11.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was 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 of the company’s stock, valued at $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Generac Price Performance

Shares of GNRC opened at $170.23 on Friday. 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 stock has a 50 day simple moving average of $183.16 and a 200 day simple moving average of $148.70. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The firm has a market capitalization of $9.99 billion, a PE ratio of 28.28, a P/E/G ratio of 1.37 and a beta of 1.64.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating 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 analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict 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.