Oppenheimer Asset Management Inc. Lowers Position in Generac Holdings Inc. $GNRC

Oppenheimer Asset Management Inc. cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,301 shares of the technology company’s stock after selling 424 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Generac were worth $1,618,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in Generac by 81.1% in the 2nd 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. bought a new stake in shares of Generac in the first quarter valued at $28,000. Creative Capital Management Investments LLC lifted its holdings 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 purchasing an additional 200 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Generac during the 2nd quarter valued at approximately $36,000. Finally, Private Trust Co. NA lifted its position in shares of Generac by 42.9% during 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 own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 lowered their target price on shares of Generac from $219.00 to $217.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 21st. Roth Capital set a $184.00 target price on shares of Generac and gave the company a “neutral” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

Generac Stock Down 8.3%

Shares of NYSE:GNRC opened at $165.82 on Friday. The stock has a market capitalization of $9.73 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64. The stock’s 50-day moving average price is $180.42 and its 200-day moving average price is $155.63. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.70% of the company’s stock.

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.