Darden Wealth Group Inc Buys Shares of 1,830 Generac Holdings Inc. $GNRC

Darden Wealth Group Inc purchased a new position in Generac Holdings Inc. (NYSE:GNRC) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,830 shares of the technology company’s stock, valued at approximately $262,000.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in Generac by 81.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Generac in the 1st quarter worth $28,000. Creative Capital Management Investments LLC boosted 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 valued at $33,000 after buying an additional 200 shares in the last quarter. Legend Financial Advisors Inc. acquired a new position in Generac during the second quarter worth about $36,000. Finally, Private Trust Co. NA raised its position in Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GNRC shares. 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 report on Thursday, July 31st. Citigroup reduced their target price on shares of Generac from $219.00 to $217.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Zacks Research cut Generac from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Canaccord Genuity Group cut their price objective on Generac from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Finally, Guggenheim decreased their target price on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Thirteen 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. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and a consensus target price of $188.94.

Generac Stock Up 1.6%

NYSE:GNRC opened at $192.02 on Friday. The business’s fifty day moving average price is $181.41 and its 200 day moving average price is $153.69. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.62 and a beta of 1.64. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.35 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.