Maven Securities LTD Has $760,000 Position in Generac Holdings Inc. $GNRC

Key Points

• Maven Securities LTD has increased its holdings in Generac Holdings Inc. by 150%, acquiring an additional 3,600 shares, bringing its total to 6,000 shares valued at approximately $760,000.
• Generac reported a quarterly earnings per share (EPS) of $1.65, exceeding analysts' expectations of $1.33, while total revenue reached $1.06 billion, reflecting a year-over-year increase of 6.3%.
• Institutional investors own 84.04% of Generac's stock, indicating strong interest and confidence from financial institutions in the company's performance.

Maven Securities LTD increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 150.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,000 shares of the technology company's stock after acquiring an additional 3,600 shares during the quarter. Maven Securities LTD's holdings in Generac were worth $760,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GNRC. Vanguard Group Inc. boosted its stake in shares of Generac by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company's stock valued at $878,053,000 after buying an additional 137,363 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Generac by 25.3% during the 1st quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock valued at $179,148,000 after buying an additional 285,388 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Generac by 18.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 859,999 shares of the technology company's stock valued at $108,914,000 after buying an additional 131,460 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Generac by 9.0% during the 1st quarter. Brown Advisory Inc. now owns 812,259 shares of the technology company's stock valued at $102,873,000 after buying an additional 67,180 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Generac by 27.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock valued at $110,544,000 after buying an additional 153,141 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

Generac Stock Performance

Shares of Generac stock traded up $3.7950 during trading on Friday, hitting $194.3450. 872,664 shares of the stock were exchanged, compared to its average volume of 1,329,714. The stock's fifty day moving average is $163.03 and its 200 day moving average is $138.97. The stock has a market cap of $11.40 billion, a PE ratio of 32.28, a P/E/G ratio of 1.53 and a beta of 1.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup upgraded Generac from a "neutral" rating to a "mixed" rating in a research note on Friday, July 11th. Roth Capital increased their price target on shares of Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus increased their price target on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Janney Montgomery Scott raised shares of Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, Stephens reaffirmed an "overweight" rating and set a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $170.06.

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.