Meridian Management Co. Grows Position in Generac Holdings Inc. $GNRC

Meridian Management Co. lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 8.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,543 shares of the technology company’s stock after purchasing an additional 2,758 shares during the quarter. Generac comprises about 1.4% of Meridian Management Co.’s investment portfolio, making the stock its 25th biggest position. Meridian Management Co.’s holdings in Generac were worth $4,947,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after purchasing an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Generac during the first quarter worth $245,000. Integrity Alliance LLC. acquired a new stake in shares of Generac during the first quarter worth $299,000. Amundi boosted its holdings in shares of Generac by 8.2% during the first quarter. Amundi now owns 105,038 shares of the technology company’s stock worth $12,147,000 after purchasing an additional 7,923 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Generac by 169.1% during the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock worth $2,587,000 after purchasing an additional 12,833 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GNRC shares. Zacks Research cut Generac from a “hold” rating to a “strong sell” rating in a report on Friday, October 17th. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Roth Capital set a $184.00 price target on Generac and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus upped their price target on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Finally, UBS Group dropped their price target on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.61.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer owned 547,966 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.

Generac Trading Up 1.3%

Shares of GNRC opened at $168.02 on Friday. The stock’s 50-day moving average is $179.89 and its two-hundred day moving average is $156.31. The stock has a market cap of $9.86 billion, a PE ratio of 32.00, a P/E/G ratio of 1.53 and a beta of 1.64. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88.

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

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.