Generac Holdings Inc. $GNRC Holdings Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 4.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 11,365 shares of the technology company’s stock after selling 480 shares during the quarter. Amalgamated Bank’s holdings in Generac were worth $1,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GNRC. Integrity Alliance LLC. purchased a new position in shares of Generac during the 1st quarter valued at $299,000. Amundi grew its holdings in shares of Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company’s stock valued at $12,147,000 after acquiring an additional 7,923 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Generac by 169.1% during the 1st quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company’s stock valued at $2,587,000 after acquiring an additional 12,833 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Generac by 37.3% during the 1st quarter. Acadian Asset Management LLC now owns 10,429 shares of the technology company’s stock valued at $1,320,000 after acquiring an additional 2,834 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Generac by 30.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60,007 shares of the technology company’s stock valued at $7,600,000 after acquiring an additional 13,842 shares in the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GNRC shares. Zacks Research cut Generac from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. boosted their price target on Generac from $180.00 to $196.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup reduced their price target on Generac from $217.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday. Stifel Nicolaus boosted their price target on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Guggenheim reduced their price target on Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $191.06.

Generac Stock Up 1.6%

GNRC stock opened at $159.17 on Thursday. 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 Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The company has a 50-day moving average of $178.08 and a two-hundred day moving average of $157.33. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.

Generac (NYSE:GNRC) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the transaction, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 15,000 shares of company stock worth $2,575,300 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Generac Company 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.