Virtu Financial LLC Invests $242,000 in Generac Holdings Inc. $GNRC

Key Points

• Virtu Financial LLC invested approximately $242,000 in Generac Holdings Inc., acquiring 1,912 shares during the first quarter.
• There has been significant institutional activity, with 84.04% of Generac's stock owned by institutional investors and hedge funds.
• Generac's stock price target has seen adjustments from various analysts, with TD Securities lowering their target from $173.00 to $155.00 while Stifel Nicolaus raised theirs from $195.00 to $210.00.

Virtu Financial LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,912 shares of the technology company's stock, valued at approximately $242,000.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Generac during the 1st quarter worth $28,000. Private Trust Co. NA grew 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 purchasing an additional 90 shares during the period. Ostrum Asset Management acquired a new position in shares of Generac during the 4th quarter worth $50,000. New Age Alpha Advisors LLC acquired a new position in shares of Generac during the 1st quarter worth $54,000. Finally, Covestor Ltd grew its stake in shares of Generac by 16.2% during the 1st quarter. Covestor Ltd now owns 596 shares of the technology company's stock worth $75,000 after purchasing an additional 83 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GNRC. TD Cowen upped their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Robert W. Baird lowered their price objective on shares of Generac from $171.00 to $127.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Guggenheim raised shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 price objective on the stock in a research note on Tuesday, July 29th. JPMorgan Chase & Co. raised shares of Generac from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $56.00 to $68.00 in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of Generac from a "buy" rating to a "hold" rating in a research note on Saturday. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $170.06.

Generac Trading Down 5.3%

Shares of GNRC traded down $10.6480 during mid-day trading on Wednesday, hitting $188.4320. The company had a trading volume of 685,476 shares, compared to its average volume of 937,225. The business's 50-day simple moving average is $159.21 and its 200-day simple moving average is $137.94. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac Holdings Inc. has a 1-year low of $99.50 and a 1-year high of $203.25. The stock has a market cap of $11.06 billion, a PE ratio of 31.31, a P/E/G ratio of 1.59 and a beta of 1.68.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 period last year, the company earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total transaction of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.