Arkadios Wealth Advisors Raises Holdings in Generac Holdings Inc. $GNRC

Arkadios Wealth Advisors boosted its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 24.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,397 shares of the technology company’s stock after purchasing an additional 1,461 shares during the quarter. Arkadios Wealth Advisors’ holdings in Generac were worth $1,059,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Generac by 81.1% during the 2nd 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. purchased a new stake in Generac during the 1st quarter worth about $28,000. Creative Capital Management Investments LLC increased its holdings in Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Legend Financial Advisors Inc. purchased a new stake in Generac during the 2nd quarter worth about $36,000. Finally, Private Trust Co. NA boosted its position in shares of Generac by 42.9% during the 1st 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. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Insiders Place Their Bets

In other Generac 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 sale, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Generac Stock Up 1.3%

Shares of NYSE GNRC opened at $168.02 on Friday. The stock has a market cap of $9.86 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64. The company has a quick ratio of 0.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.51. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The business has a 50-day moving average price of $179.89 and a 200 day moving average price of $156.31.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GNRC shares. Zacks Research cut Generac from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. UBS Group lowered their price objective on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Thursday. Stifel Nicolaus upped their price objective on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Finally, Roth Capital set a $184.00 price objective on Generac and gave the stock a “neutral” rating in a research report on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $191.61.

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.