15,965 Shares in Generac Holdings Inc. $GNRC Purchased by X Square Capital LLC

Key Points

• X Square Capital LLC acquired 15,965 Generac shares worth approximately $4.7 million in the second quarter, making Generac 1.2% of its portfolio. Institutional investors collectively own 84.04% of the company.
• Analysts remain broadly positive, with Generac receiving a consensus “Moderate Buy” rating and an average price target of $284.84. Recent targets range from $285 to $305.
• Generac exceeded quarterly EPS expectations, reporting $2.91 versus the $2.01 consensus estimate, while revenue rose 10.3% year over year to $1.17 billion. Shares opened at $206.51, below their 50-day and 200-day moving averages.

X Square Capital LLC acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,965 shares of the technology company's stock, valued at approximately $4,675,000. Generac comprises about 1.2% of X Square Capital LLC's investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. De Lisle Partners LLP purchased a new position in Generac in the second quarter worth about $4,974,000. Fourier Capital Management Ltd purchased a new stake in shares of Generac during the second quarter valued at approximately $1,927,000. EP Wealth Advisors LLC purchased a new stake in shares of Generac during the second quarter valued at approximately $1,637,000. M1 Capital Management LLC bought a new stake in shares of Generac during the second quarter valued at approximately $318,000. Finally, Ieq Capital LLC bought a new stake in shares of Generac during the second quarter valued at approximately $4,381,000. 84.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GNRC shares. Stifel Nicolaus boosted their price objective on shares of Generac from $275.00 to $285.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Robert W. Baird set a $305.00 target price on Generac in a research note on Thursday, July 30th. Wall Street Zen raised Generac from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Jefferies Financial Group restated a "buy" rating on shares of Generac in a research note on Wednesday, June 3rd. Finally, Citigroup upped their price target on Generac from $263.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $284.84.

Insider Activity

In related news, insider Kyle Andrew Raabe sold 586 shares of the company's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the sale, the insider owned 10,746 shares in the company, valued at approximately $2,292,659.10. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider owned 15,508 shares of the company's stock, valued at approximately $3,393,615.64. This trade represents a 3.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,236 shares of company stock valued at $2,871,273 in the last ninety days. 2.40% of the stock is currently owned by company insiders.

Generac Stock Down 0.1%

Shares of Generac stock opened at $206.51 on Friday. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 47.58, a price-to-earnings-growth ratio of 1.75 and a beta of 1.92. The company's 50 day moving average is $233.63 and its 200 day moving average is $229.33. Generac Holdings Inc. has a twelve month low of $134.80 and a twelve month high of $296.44. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43.

Generac (NYSE:GNRC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter last year, the company posted $1.65 earnings per share. The firm's quarterly revenue was up 10.3% on a year-over-year basis. Research analysts anticipate that Generac Holdings Inc. will post 9.78 EPS for the current year.

Generac Profile

Generac Holdings Inc NYSE: GNRC is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac's product lineup addresses a broad range of customer needs.

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