Perbak Capital Partners LLP Makes New $304,000 Investment in Generac Holdings Inc. $GNRC

Key Points

• Perbak Capital Partners LLP has acquired a new stake in Generac Holdings Inc., purchasing 2,401 shares valued at approximately $304,000 during the first quarter of the year.
• Generac reported a quarterly earnings per share (EPS) of $1.65, exceeding analysts' expectations of $1.33, alongside revenues of $1.06 billion.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Generac, with thirteen analysts recommending buys and an average price target of $174.56.

Perbak Capital Partners LLP acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,401 shares of the technology company's stock, valued at approximately $304,000.

A number of other hedge funds have also modified their holdings of the stock. AXA S.A. acquired a new position in shares of Generac in the 4th quarter valued at $3,873,000. Baird Financial Group Inc. lifted its stake in Generac by 44.3% during the fourth quarter. Baird Financial Group Inc. now owns 79,244 shares of the technology company's stock valued at $12,287,000 after buying an additional 24,334 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Generac by 7.2% in the fourth quarter. Captrust Financial Advisors now owns 27,984 shares of the technology company's stock worth $4,339,000 after buying an additional 1,890 shares during the period. Brevan Howard Capital Management LP boosted its holdings in shares of Generac by 244.8% in the fourth quarter. Brevan Howard Capital Management LP now owns 26,922 shares of the technology company's stock worth $4,174,000 after buying an additional 19,114 shares during the period. Finally, Colonial Trust Co SC increased its position in shares of Generac by 9.4% in the fourth quarter. Colonial Trust Co SC now owns 1,332 shares of the technology company's stock worth $207,000 after acquiring an additional 115 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GNRC has been the subject of several research analyst reports. Citigroup restated a "neutral" rating and issued a $219.00 price target (up previously from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Stifel Nicolaus boosted their target price on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a research report on Tuesday, July 29th. UBS Group reiterated a "buy" rating and set a $220.00 price target (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Finally, 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. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Generac has an average rating of "Moderate Buy" and a consensus price target of $174.56.

Insider Buying and Selling

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

Generac Stock Up 1.7%

GNRC stock traded up $3.04 during mid-day trading on Friday, hitting $181.22. The stock had a trading volume of 642,738 shares, compared to its average volume of 792,653. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25. The company has a fifty day moving average of $173.40 and a 200 day moving average of $141.67. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.43 and a beta of 1.63.

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 the consensus estimate 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 posted $1.35 EPS. The business's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, equities 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.