Generac Holdings Inc. $GNRC Shares Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 11.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,836 shares of the technology company’s stock after acquiring an additional 299 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Generac were worth $406,000 at the end of the most recent quarter.

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

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction 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. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on GNRC shares. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Needham & Company LLC initiated coverage on Generac in a research note on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price objective on the stock. Roth Capital upped their price target on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Canaccord Genuity Group decreased their price target on Generac from $250.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Finally, Wells Fargo & Company upped their price target on Generac from $128.00 to $180.00 and gave the stock an “equal weight” rating in a 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.94.

Generac Stock Performance

Generac stock opened at $190.60 on Tuesday. The stock has a market cap of $11.18 billion, a P/E ratio of 31.66, a price-to-earnings-growth 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. The stock has a 50 day moving average of $181.26 and a 200-day moving average of $154.49. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 EPS. Generac has set its FY 2025 guidance at EPS. On average, analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.