MBB Public Markets I LLC Makes New Investment in Generac Holdings Inc. $GNRC

Key Points

• MBB Public Markets I LLC invested approximately $298,000 in Generac Holdings Inc., acquiring 2,356 shares during the first quarter.
• Several hedge funds, including Vanguard Group and Ariel Investments, have increased their stakes in Generac, with institutional investors owning 84.04% of the stock.
• Generac's stock has shown promising performance, with a recent quarterly earnings report revealing $1.65 EPS, surpassing analysts' expectations and reflecting a 6.3% year-over-year revenue growth.

MBB Public Markets I LLC acquired a new stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,356 shares of the technology company's stock, valued at approximately $298,000.

Other large investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Generac during the 1st quarter worth about $28,000. Private Trust Co. NA lifted its stake in shares of Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares during the last quarter. Colonial Trust Advisors boosted its holdings in Generac by 357.1% during the 1st quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock valued at $41,000 after acquiring an additional 250 shares during the period. New Age Alpha Advisors LLC bought a new position in Generac in the 1st quarter valued at $54,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Generac by 1,525.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock worth $74,000 after purchasing an additional 549 shares during the period. Institutional investors own 84.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Generac from $128.00 to $180.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Barclays set a $200.00 price target on shares of Generac and gave the company an "equal weight" rating in a research note on Wednesday, July 30th. Citigroup reissued a "neutral" rating and set a $219.00 price target (up previously from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Wall Street Zen lowered shares of Generac from a "buy" rating to a "hold" rating in a report on Monday, September 1st. Finally, TD Cowen boosted their target price on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a report 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.56.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00. Following the completion of the sale, the chief executive officer 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 document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is currently owned by company insiders.

Generac Stock Performance

NYSE GNRC traded down $1.37 during mid-day trading on Wednesday, reaching $182.24. 118,209 shares of the stock were exchanged, compared to its average volume of 922,703. The company has a market capitalization of $10.69 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.49 and a beta of 1.63. 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 business's 50 day moving average is $178.37 and its 200-day moving average is $143.93. 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 issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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.