Quinn Opportunity Partners LLC Has $4.01 Million Stock Position in Generac Holdings Inc. $GNRC

Quinn Opportunity Partners LLC boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 64.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,000 shares of the technology company’s stock after acquiring an additional 11,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Generac were worth $4,010,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after acquiring an additional 77 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Generac during the first quarter worth $28,000. Creative Capital Management Investments LLC raised its stake in Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new stake in shares of Generac in the 2nd quarter worth about $36,000. Finally, AdvisorShares Investments LLC bought a new position in Generac during the 2nd quarter valued at about $44,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Up 0.8%

Generac stock opened at $157.88 on Wednesday. The company has a 50 day moving average of $175.81 and a 200-day moving average of $158.92. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The stock has a market capitalization of $9.27 billion, a PE ratio of 30.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.

Generac (NYSE:GNRC) last released its 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). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GNRC. Needham & Company LLC assumed coverage on shares of Generac in a report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a research note on Wednesday, October 8th. Roth Capital set a $184.00 price target on shares of Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. TD Cowen raised their price objective on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company lifted their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.06.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 15,000 shares of company stock worth $2,575,300 in the last three months. Company insiders own 2.70% of the company’s stock.

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.