Quantbot Technologies LP Cuts Stock Holdings in Generac Holdings Inc. $GNRC

Key Points

• Quantbot Technologies LP reduced its stake in Generac Holdings Inc. by 94.1% in Q1, selling 27,449 shares and retaining only 1,735 shares worth approximately $220,000.
• Several other institutional investors such as Vanguard Group and Invesco increased their positions in Generac during the same period, indicating positive interest in the company.
• Generac's stock price recently opened at $187.12, with a reported EPS of $1.65 for the last quarter, surpassing analysts’ estimates, and setting a FY 2025 earnings guidance that suggests continued growth.

Quantbot Technologies LP decreased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 94.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735 shares of the technology company's stock after selling 27,449 shares during the quarter. Quantbot Technologies LP's holdings in Generac were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GNRC. MML Investors Services LLC boosted its position in shares of Generac by 64.0% in the 4th quarter. MML Investors Services LLC now owns 8,317 shares of the technology company's stock worth $1,290,000 after purchasing an additional 3,247 shares in the last quarter. Northern Trust Corp boosted its position in shares of Generac by 8.8% in the 4th quarter. Northern Trust Corp now owns 561,791 shares of the technology company's stock worth $87,106,000 after purchasing an additional 45,467 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Generac by 16.2% in the 4th quarter. Lido Advisors LLC now owns 3,667 shares of the technology company's stock worth $569,000 after purchasing an additional 512 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in Generac by 17.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 28,727 shares of the technology company's stock worth $4,454,000 after acquiring an additional 4,184 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new stake in Generac during the 4th quarter worth about $102,000. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Buying and Selling

In other Generac 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Generac Price Performance

Shares of Generac stock traded down $5.81 on Tuesday, hitting $179.44. The company's stock had a trading volume of 990,355 shares, compared to its average volume of 791,939. 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 1 year low of $99.50 and a 1 year high of $203.25. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.63. The firm has a fifty day moving average price of $171.20 and a 200-day moving average price of $140.96.

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, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $1.35 EPS. Generac's quarterly revenue was up 6.3% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on GNRC shares. Guggenheim raised Generac from a "neutral" rating to a "buy" rating and set a $190.00 price target for the company in a research report on Tuesday, July 29th. Wells Fargo & Company lifted their price target on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Roth Capital lifted their price target on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, UBS Group reissued a "buy" rating and set a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $174.56.

About Generac

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.