MBB Public Markets I LLC Purchases Shares of 2,356 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,356 shares of the technology company's stock, valued at approximately $298,000.

Several other large investors also recently bought and sold shares of GNRC. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Generac in the first quarter valued at approximately $28,000. Private Trust Co. NA lifted its stake in shares of Generac by 42.9% in the first quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock worth $38,000 after acquiring an additional 90 shares in the last quarter. Colonial Trust Advisors lifted its stake in shares of Generac by 357.1% in the first quarter. Colonial Trust Advisors now owns 320 shares of the technology company's stock worth $41,000 after acquiring an additional 250 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Generac in the first quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Performance

Shares of Generac stock traded down $3.16 on Friday, reaching $184.70. 697,883 shares of the company were exchanged, compared to its average volume of 791,171. 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's 50-day moving average is $176.95 and its two-hundred day moving average is $143.31. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.48 and a beta of 1.63. 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 for the quarter, topping analysts' consensus estimates of $1.33 by $0.32. The business had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. Generac has set its FY 2025 guidance at EPS. As a group, research analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on GNRC shares. Citigroup reiterated a "neutral" rating and issued a $219.00 price target (up previously from $138.00) on shares of Generac in a research note on Tuesday, August 26th. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $56.00 to $68.00 in a research note on Monday, August 11th. Barclays set a $200.00 price target on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Stifel Nicolaus upped their price objective on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Roth Capital upped their price objective on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $174.56.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred 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. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by company insiders.

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.