DRW Securities LLC Takes Position in Generac Holdings Inc. $GNRC

Key Points

• DRW Securities LLC acquired 14,245 shares of Generac Holdings Inc. during the first quarter, valued at approximately $1.8 million.
• Generac reported a quarterly earnings per share of $1.65, exceeding analyst estimates of $1.33, with revenue growth of 6.3% year-over-year.
• Thirteen analysts rated Generac's stock as a "Buy" with an average price target of $174.56, indicating positive market sentiment.

DRW Securities LLC bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,245 shares of the technology company's stock, valued at approximately $1,804,000.

Several other institutional investors also recently modified their holdings of GNRC. Vanguard Group Inc. grew its position in Generac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock worth $878,053,000 after acquiring an additional 137,363 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Generac by 25.3% during the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after purchasing an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Generac by 18.0% in the first quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock valued at $108,914,000 after buying an additional 131,460 shares during the period. Brown Advisory Inc. raised its holdings in Generac by 9.0% in the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock valued at $102,873,000 after buying an additional 67,180 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in Generac by 5.3% in the 1st quarter. Jennison Associates LLC now owns 708,052 shares of the technology company's stock valued at $89,675,000 after buying an additional 35,839 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GNRC has been the subject of a number of research reports. Wall Street Zen lowered shares of Generac from a "buy" rating to a "hold" rating in a report on Monday. TD Cowen raised their target price on Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. 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 research report on Thursday, July 31st. Stifel Nicolaus increased their price target on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $174.56.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total value of $906,050.00. Following the sale, the chief executive officer owned 552,966 shares in the company, valued at $100,202,968.86. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Generac Stock Down 2.5%

NYSE:GNRC traded down $4.43 on Wednesday, hitting $175.08. The stock had a trading volume of 788,926 shares, compared to its average volume of 791,939. The company has a market cap of $10.27 billion, a PE ratio of 23.27, a P/E/G ratio of 1.48 and a beta of 1.63. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $203.25. The business's fifty day moving average is $171.91 and its 200 day moving average is $141.19. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. Generac's revenue for the quarter was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

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.