Impax Asset Management Group plc Trims Position in Generac Holdings Inc. $GNRC

Impax Asset Management Group plc trimmed its position in Generac Holdings Inc. (NYSE:GNRC) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 793,642 shares of the technology company’s stock after selling 41,757 shares during the period. Impax Asset Management Group plc’s holdings in Generac were worth $112,737,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. MassMutual Private Wealth & Trust FSB increased 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 buying an additional 77 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Generac during the 1st quarter valued at about $28,000. Creative Capital Management Investments LLC raised its stake in Generac by 740.7% during the 2nd 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 during the period. Legend Financial Advisors Inc. bought a new position in shares of Generac in the second quarter worth approximately $36,000. Finally, AdvisorShares Investments LLC bought a new stake in shares of Generac during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen raised their price target on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Roth Capital set a $184.00 target price on Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. upped their price objective on Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Guggenheim cut their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Finally, UBS Group reduced their price target on shares of Generac from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $191.06.

Generac Stock Up 2.6%

NYSE GNRC opened at $161.97 on Thursday. 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 52 week low of $99.50 and a 52 week high of $203.25. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.53 and a beta of 1.69. The company has a fifty day moving average of $175.55 and a two-hundred day moving average of $158.94.

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 the consensus estimate of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $2.25 EPS. Generac’s revenue was down 5.0% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’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 transaction of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 15,000 shares of company stock valued at $2,575,300 over the last ninety days. 2.70% of the stock is owned by company insiders.

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.