1,494 Shares in Generac Holdings Inc. $GNRC Bought by Moors & Cabot Inc.

Moors & Cabot Inc. acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the second quarter, Holdings Channel reports. The fund acquired 1,494 shares of the technology company’s stock, valued at approximately $214,000.

Several other hedge funds also recently added to or reduced their stakes in GNRC. Integrity Alliance LLC. bought a new stake in shares of Generac in the 1st quarter worth approximately $299,000. Amundi increased its position in Generac by 8.2% in the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after buying an additional 7,923 shares during the period. Epoch Investment Partners Inc. lifted its stake in Generac by 169.1% in the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock valued at $2,587,000 after buying an additional 12,833 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Generac by 37.3% during the first quarter. Acadian Asset Management LLC now owns 10,429 shares of the technology company’s stock valued at $1,320,000 after acquiring an additional 2,834 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Generac by 30.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock worth $7,600,000 after acquiring an additional 13,842 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction 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. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 15,000 shares of company stock worth $2,575,300 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $155.29 on Monday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.53 and a beta of 1.69. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock’s 50 day moving average price is $176.82 and its 200 day moving average price is $158.30.

Generac (NYSE:GNRC) last issued its quarterly earnings results 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). Generac had a net margin of 6.92% and a return on equity of 17.63%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $2.25 earnings per share. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GNRC shares. Needham & Company LLC began coverage on shares of Generac in a research report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 price objective on the stock. Barclays lifted their price target on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a report on Friday, October 31st. Wells Fargo & Company increased their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Roth Capital set a $184.00 target price on Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Citigroup reduced their price target on Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. 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. According to MarketBeat.com, the company presently has an average 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.