Jump Financial LLC Has $472,000 Stock Holdings in Generac Holdings Inc. $GNRC

Key Points

• Jump Financial LLC reduced its stake in Generac Holdings by 46.2%, selling 3,203 shares and leaving it with a total of 3,725 shares worth $472,000.
• Numerous analysts have set new price targets for Generac, with UBS Group and Stifel Nicolaus raising their targets to $220.00 and $210.00, respectively, indicating a generally positive outlook.
• CEO Aaron Jagdfeld sold 5,000 shares at a price of $142.40, decreasing his ownership to 562,966 shares valued at approximately $80 million.

Jump Financial LLC reduced its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 46.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,725 shares of the technology company's stock after selling 3,203 shares during the quarter. Jump Financial LLC's holdings in Generac were worth $472,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac during the first quarter worth about $28,000. Private Trust Co. NA grew its position in Generac by 42.9% during the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after buying an additional 90 shares in the last quarter. Colonial Trust Advisors grew its position in Generac by 357.1% during the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after buying an additional 250 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Generac during the first quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Generac by 1,525.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after buying an additional 549 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Trading Up 1.7%

GNRC stock traded up $3.02 during trading on Thursday, hitting $178.16. The company had a trading volume of 736,759 shares, compared to its average volume of 930,464. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $171.91 and a 200-day moving average price of $141.19. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.48 and a beta of 1.63.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data 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 net margin of 7.91% and a return on equity of 19.14%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the company posted $1.35 EPS. Generac's revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 owned 552,966 shares in the company, valued at $100,202,968.86. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GNRC has been the topic of a number of recent research reports. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Citigroup reissued a "neutral" rating and set a $219.00 target price (up from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Wells Fargo & Company lifted their price objective on Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. TD Cowen lifted their price objective on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus lifted their price objective on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

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.