Aberdeen Group plc Decreases Position in Generac Holdings Inc. $GNRC

Aberdeen Group plc cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 45.5% during the second quarter, HoldingsChannel reports. The firm owned 3,666 shares of the technology company’s stock after selling 3,057 shares during the quarter. Aberdeen Group plc’s holdings in Generac were worth $525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings 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 worth $878,053,000 after buying an additional 137,363 shares during the period. Ariel Investments LLC raised its holdings 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 worth $204,651,000 after buying an additional 148,551 shares during the period. Invesco Ltd. raised its holdings 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 worth $179,148,000 after buying an additional 285,388 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 worth $108,914,000 after buying an additional 131,460 shares during the period. Finally, Brown Advisory Inc. raised its holdings 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 worth $102,873,000 after buying an additional 67,180 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GNRC. Wall Street Zen downgraded Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. TD Cowen increased their price target on Generac from $155.00 to $198.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Canaccord Genuity Group reduced their price target on Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price objective on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and an average price target of $185.00.

Generac Stock Down 1.0%

Shares of NYSE GNRC opened at $190.67 on Friday. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The stock’s fifty day simple moving average is $182.26 and its two-hundred day simple moving average is $150.84. The stock has a market capitalization of $11.19 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.52 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 (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) 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 business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $1.35 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the completion of the transaction, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $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 can be accessed through the SEC website. Corporate 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.