M.E. Allison & CO. Inc. Makes New Investment in Generac Holdings Inc. $GNRC

M.E. Allison & CO. Inc. acquired a new position in Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,790 shares of the technology company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of 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 valued at $929,000 after purchasing an additional 1,195 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Generac in the 1st quarter valued at approximately $245,000. Cambridge Investment Research Advisors Inc. raised its stake in Generac by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company’s stock valued at $3,232,000 after buying an additional 3,345 shares during the last quarter. Amundi raised its stake in Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after buying an additional 7,923 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new position in Generac during the first quarter valued at $299,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GNRC shares. JPMorgan Chase & Co. lifted their price objective on Generac from $165.00 to $180.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. UBS Group reiterated a “buy” rating and set a $220.00 price objective (up previously from $200.00) on shares of Generac in a research note on Thursday, July 31st. Roth Capital lifted their price objective on Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Finally, TD Cowen lifted their price objective on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.11.

Generac Trading Down 1.0%

Generac stock opened at $170.23 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The stock has a market capitalization of $9.99 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of 1.35 and a beta of 1.64. The business’s fifty day moving average is $183.16 and its 200 day moving average is $148.92.

Generac (NYSE:GNRC) last released 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 company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $1.35 earnings per share. Generac’s revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Buying and Selling

In related 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 transaction of $837,100.00. Following the completion of the sale, the chief executive officer 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 Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company’s stock.

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.