King Luther Capital Management Corp Sells 5,245 Shares of Generac Holdings Inc. $GNRC

King Luther Capital Management Corp decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 479,162 shares of the technology company’s stock after selling 5,245 shares during the quarter. King Luther Capital Management Corp’s holdings in Generac were worth $68,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of Generac by 4.2% in the first quarter. Envestnet Asset Management Inc. now owns 564,856 shares of the technology company’s stock valued at $71,539,000 after acquiring an additional 22,659 shares during the period. Axxcess Wealth Management LLC bought a new stake in Generac in the 1st quarter valued at $355,000. Nisa Investment Advisors LLC grew its position in Generac by 234.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 7,271 shares of the technology company’s stock worth $921,000 after purchasing an additional 5,098 shares during the last quarter. Leavell Investment Management Inc. bought a new position in shares of Generac during the 1st quarter worth about $248,000. Finally, State of Michigan Retirement System increased its holdings in shares of Generac by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 16,216 shares of the technology company’s stock worth $2,054,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 84.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on GNRC. Wells Fargo & Company upped their price target on Generac from $128.00 to $180.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Barclays increased their price objective on Generac from $188.00 to $197.00 and gave the stock an “equal weight” rating in a research note on Friday, October 31st. Guggenheim cut their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Wall Street Zen cut Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Citigroup reduced their price objective on Generac from $217.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.06.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, November 3rd. The stock was 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 in the company, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 15,000 shares of company stock valued at $2,575,300 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Generac Price Performance

Shares of GNRC opened at $155.29 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 2.18. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $203.25. The stock has a 50 day simple moving average of $176.82 and a 200 day simple moving average of $157.97. The firm has a market capitalization of $9.11 billion, a PE ratio of 29.58, a P/E/G ratio of 1.53 and a beta of 1.69.

Generac (NYSE:GNRC) last released 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 for the quarter, compared to the consensus estimate of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac Holdings Inc. will post 8 EPS 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.