Generac Holdings Inc. $GNRC Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stakes in Generac Holdings by 29.0%, acquiring an additional 19,390 shares to total 86,245 shares, now valued at approximately $10.9 million.
• Multiple institutional investors have raised their stakes in Generac, with DAVENPORT & Co LLC leading at a 77.3% increase, now owning 473,047 shares valued at around $60.1 million.
• Analysts have a consensus rating of "Moderate Buy" for Generac, with an average price target of $174.56, as several firms have upgraded their ratings recently.

Trexquant Investment LP boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 29.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,245 shares of the technology company's stock after acquiring an additional 19,390 shares during the quarter. Trexquant Investment LP owned 0.15% of Generac worth $10,923,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. RB Capital Management LLC boosted its holdings in Generac by 3.2% during the 1st quarter. RB Capital Management LLC now owns 9,136 shares of the technology company's stock valued at $1,157,000 after acquiring an additional 284 shares during the period. CreativeOne Wealth LLC purchased a new position in shares of Generac during the first quarter valued at $255,000. Epoch Investment Partners Inc. increased its stake in shares of Generac by 169.1% during the first quarter. Epoch Investment Partners Inc. now owns 20,423 shares of the technology company's stock valued at $2,587,000 after buying an additional 12,833 shares during the period. Comerica Bank increased its stake in shares of Generac by 21.4% during the first quarter. Comerica Bank now owns 33,411 shares of the technology company's stock valued at $4,231,000 after buying an additional 5,898 shares during the period. Finally, Penn Capital Management Company LLC increased its stake in shares of Generac by 87.7% during the first quarter. Penn Capital Management Company LLC now owns 9,100 shares of the technology company's stock valued at $1,172,000 after buying an additional 4,253 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of Generac stock traded down $4.43 on Wednesday, reaching $175.08. The company's stock had a trading volume of 440,934 shares, compared to its average volume of 929,337. The company has a market capitalization of $10.27 billion, a P/E ratio of 29.08, a PEG 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 stock has a 50-day moving average price of $171.20 and a 200-day moving average price of $140.96. 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 posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating 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 business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The business's revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Analysts expect that Generac Holdings Inc. will post 8 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total transaction of $712,000.00. Following the completion of the sale, the chief executive officer directly owned 562,966 shares in the company, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GNRC shares. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and raised their price target for the company from $56.00 to $68.00 in a research note on Monday, August 11th. Barclays set a $200.00 price objective on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their price objective on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Roth Capital boosted their price target on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $174.56.

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.