Zions Bancorporation National Association UT Purchases 327 Shares of Generac Holdings Inc. $GNRC

Zions Bancorporation National Association UT boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 419.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 405 shares of the technology company’s stock after acquiring an additional 327 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Generac were worth $58,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of Generac by 234.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 7,271 shares of the technology company’s stock worth $921,000 after buying an additional 5,098 shares in the last quarter. MQS Management LLC acquired a new stake in Generac in the first quarter valued at about $259,000. Jennison Associates LLC grew its position in Generac by 5.3% in the first quarter. Jennison Associates LLC now owns 708,052 shares of the technology company’s stock valued at $89,675,000 after acquiring an additional 35,839 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Generac during the first quarter worth about $28,000. Finally, Archer Investment Corp raised its stake in Generac by 29.3% during the first quarter. Archer Investment Corp now owns 3,350 shares of the technology company’s stock worth $424,000 after acquiring an additional 760 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Price Performance

Shares of GNRC opened at $157.88 on Wednesday. The business has a 50-day moving average of $175.81 and a 200-day moving average of $158.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88. The company has a market capitalization of $9.27 billion, a price-to-earnings ratio of 30.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25.

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

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $166.43, for a total value of $832,150.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 15,000 shares of company stock worth $2,575,300 over the last ninety days. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Guggenheim decreased their price target on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. 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, October 30th. UBS Group lowered their price target on shares of Generac from $220.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, TD Cowen boosted their price objective on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Thirteen research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $191.06.

About Generac

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.