Dynamic Technology Lab Private Ltd Makes New Investment in Generac Holdings Inc. $GNRC

Key Points

• Dynamic Technology Lab Private Ltd acquired a new position in Generac Holdings Inc., purchasing 13,039 shares for approximately $1.65 million during the first quarter.
• Institutional ownership of Generac remains high at 84.04%, with several funds including Invesco Ltd. and DAVENPORT & Co LLC increasing their stakes in the company.
• Generac reported $1.65 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $1.06 billion, a 6.3% increase compared to the previous year.

Dynamic Technology Lab Private Ltd acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,039 shares of the technology company's stock, valued at approximately $1,651,000.

A number of other hedge funds also recently added to or reduced their stakes in GNRC. Vanguard Group Inc. grew its stake in shares of Generac by 2.0% in the first 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 in the last quarter. Ariel Investments LLC raised its holdings in Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company's stock valued at $204,651,000 after acquiring an additional 148,551 shares in the last quarter. Invesco Ltd. lifted its stake in Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after acquiring an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Generac by 18.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock worth $108,914,000 after acquiring an additional 131,460 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in shares of 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 purchasing an additional 67,180 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total value of $906,050.00. Following the completion of the transaction, the chief executive officer directly owned 552,966 shares of the company's stock, valued at $100,202,968.86. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GNRC shares. Stephens reiterated an "overweight" rating and set a $175.00 target price on shares of Generac in a research note on Tuesday, May 27th. Guggenheim upgraded shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target on the stock in a research note on Tuesday, July 29th. Wells Fargo & Company raised their target price on shares of Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $56.00 to $68.00 in a research report on Monday, August 11th. Finally, TD Cowen raised their target price on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

Generac Price Performance

NYSE:GNRC traded up $3.12 during mid-day trading on Wednesday, hitting $184.92. 810,123 shares of the company's stock traded hands, compared to its average volume of 782,581. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The company has a market cap of $10.85 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.46 and a beta of 1.63. The firm's 50 day simple moving average is $175.59 and its 200 day simple moving average is $142.58. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $203.25.

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