XTX Topco Ltd Invests $907,000 in Generac Holdings Inc. (NYSE:GNRC)

XTX Topco Ltd acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,163 shares of the technology company's stock, valued at approximately $907,000.

Several other institutional investors have also modified their holdings of GNRC. O Shaughnessy Asset Management LLC lifted its position in shares of Generac by 26.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,965 shares of the technology company's stock worth $460,000 after buying an additional 626 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Generac by 145.7% during the 4th quarter. Franklin Resources Inc. now owns 70,707 shares of the technology company's stock worth $10,963,000 after buying an additional 41,935 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Generac by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company's stock worth $223,293,000 after buying an additional 14,844 shares during the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Generac during the 4th quarter worth approximately $4,610,000. Finally, Thoroughbred Financial Services LLC purchased a new stake in shares of Generac during the 4th quarter worth approximately $447,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Down 0.6%

Shares of Generac stock opened at $193.57 on Monday. The company has a market cap of $11.44 billion, a P/E ratio of 32.15, a PEG ratio of 1.56 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 one year low of $99.50 and a one year high of $197.18. The firm has a fifty day moving average of $142.00 and a two-hundred day moving average of $134.31.

Generac (NYSE:GNRC - Get Free Report) last posted 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 net margin of 7.91% and a return on equity of 19.14%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 EPS. On average, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Canaccord Genuity Group reduced their price target on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Roth Capital upped their price target on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. TD Cowen upped their price target on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday. Citigroup upgraded shares of Generac from a "neutral" rating to a "mixed" rating in a research report on Friday, July 11th. Finally, Stephens reiterated an "overweight" rating and issued a $175.00 price target on shares of Generac in a research report on Tuesday, May 27th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $174.28.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer owned 562,966 shares in the company, valued at $80,166,358.40. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate 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.

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