Generac Holdings Inc. (NYSE:GNRC) Shares Acquired by Xponance Inc.

Xponance Inc. increased its position in Generac Holdings Inc. (NYSE:GNRC) by 48.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,869 shares of the technology company’s stock after purchasing an additional 2,577 shares during the period. Xponance Inc.’s holdings in Generac were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. grew its position in shares of Generac by 2.4% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock worth $388,000 after acquiring an additional 68 shares in the last quarter. Empirical Finance LLC increased its stake in Generac by 4.5% during the first quarter. Empirical Finance LLC now owns 1,748 shares of the technology company’s stock valued at $220,000 after purchasing an additional 75 shares during the last quarter. Johnson Investment Counsel Inc. increased its stake in Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after purchasing an additional 75 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Generac by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after buying an additional 90 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Generac by 0.6% in the 4th quarter. American International Group Inc. now owns 16,550 shares of the technology company’s stock valued at $2,139,000 after buying an additional 93 shares during the period. 84.04% of the stock is owned by institutional investors.

Generac Stock Up 1.7 %

GNRC stock opened at $154.84 on Friday. The firm has a market cap of $9.39 billion, a PE ratio of 42.66, a P/E/G ratio of 1.88 and a beta of 1.38. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $169.57. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $148.58 and a 200 day simple moving average of $140.78.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The company had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. Equities research analysts forecast that Generac Holdings Inc. will post 6.5 earnings per share for the current fiscal year.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total transaction of $666,950.00. Following the sale, the chief executive officer now owns 577,177 shares in the company, valued at approximately $76,989,640.03. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GNRC has been the topic of several research reports. Northland Securities increased their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Canaccord Genuity Group raised their price target on Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen upped their price objective on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler reiterated an “overweight” rating and issued a $175.00 target price on shares of Generac in a research note on Tuesday, September 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $175.00 price objective (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Hold” and an average target price of $154.71.

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.