Generac Holdings Inc. (NYSE:GNRC) Stake Increased by XTX Topco Ltd

XTX Topco Ltd boosted its stake in Generac Holdings Inc. (NYSE:GNRC) by 305.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,983 shares of the technology company’s stock after acquiring an additional 11,285 shares during the period. XTX Topco Ltd’s holdings in Generac were worth $1,981,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. EntryPoint Capital LLC increased its stake in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after purchasing an additional 220 shares during the period. Quarry LP lifted its position in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares during the last quarter. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Generac during the 2nd quarter valued at about $38,000. 84.04% of the stock is currently owned by institutional investors.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Generac Stock Down 0.2 %

NYSE GNRC opened at $142.91 on Friday. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57. The company has a market capitalization of $8.66 billion, a P/E ratio of 39.37, a PEG ratio of 1.83 and a beta of 1.38. The company’s 50 day simple moving average is $149.50 and its 200 day simple moving average is $139.31. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. Equities research analysts expect that Generac Holdings Inc. will post 6.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on GNRC. Stephens reissued an “overweight” rating and issued a $200.00 target price on shares of Generac in a report on Monday, August 5th. Robert W. Baird upped their price objective on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their target price on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Piper Sandler upped their price target on shares of Generac from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, Scotiabank raised their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $154.71.

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.