Sequoia Financial Advisors LLC Raises Stake in Generac Holdings Inc. $GNRC

Sequoia Financial Advisors LLC increased its position in Generac Holdings Inc. (NYSE:GNRC) by 99.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,860 shares of the technology company’s stock after buying an additional 1,923 shares during the period. Sequoia Financial Advisors LLC’s holdings in Generac were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock valued at $878,053,000 after buying an additional 137,363 shares during the last quarter. Ariel Investments LLC raised its position in shares of Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock valued at $204,651,000 after buying an additional 148,551 shares during the last quarter. Invesco Ltd. raised its position in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock valued at $179,148,000 after buying an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Generac by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company’s stock valued at $108,914,000 after buying an additional 131,460 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Generac by 9.0% in the first quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company’s stock valued at $102,873,000 after buying an additional 67,180 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GNRC shares. Citigroup lowered shares of Generac from a “neutral” rating to a “negative” rating in a research report on Thursday, October 9th. Roth Capital boosted their target price on shares of Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their target price on shares of Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Finally, UBS Group restated a “buy” rating and issued a $220.00 target price (up from $200.00) on shares of Generac in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.00.

Generac Price Performance

GNRC opened at $190.67 on Monday. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a 50 day moving average of $182.26 and a two-hundred day moving average of $151.08. The company has a market cap of $11.19 billion, a P/E ratio of 31.67, a P/E/G ratio of 1.52 and a beta of 1.64.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. Generac’s revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, analysts expect 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 Wednesday, October 1st. The shares were 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 directly owned 547,966 shares in the company, valued at $91,740,467.72. The trade was 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 through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

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.