26,489 Shares in Generac Holdings Inc. $GNRC Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,489 shares of the technology company’s stock, valued at approximately $7,751,000.

Other large investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in shares of Generac during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac during the 3rd quarter worth approximately $26,000. Avalon Trust Co acquired a new stake in shares of Generac in the 1st quarter valued at approximately $32,000. Essential Partners LLC boosted its holdings in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after buying an additional 61 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Generac in the second quarter valued at $25,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Price Performance

Shares of NYSE:GNRC opened at $184.02 on Monday. Generac Holdings Inc. has a fifty-two week low of $134.80 and a fifty-two week high of $296.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. The business has a 50-day simple moving average of $226.30 and a two-hundred day simple moving average of $230.46. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 42.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.92.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.Generac’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 earnings per share. On average, analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their price objective on Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Cantor Fitzgerald boosted their price target on Generac from $325.00 to $333.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Robert W. Baird set a $305.00 price objective on Generac in a report on Thursday, July 30th. Raymond James Financial set a $302.00 target price on Generac in a report on Friday, May 22nd. Finally, Canaccord Genuity Group reduced their target price on shares of Generac from $325.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.84.

Insider Transactions at Generac

In other Generac news, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $213.35, for a total value of $125,023.10. Following the completion of the sale, the insider directly owned 10,746 shares of the company’s stock, valued at $2,292,659.10. The trade was a 5.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 550 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $218.83, for a total transaction of $120,356.50. Following the completion of the transaction, the insider owned 15,508 shares in the company, valued at $3,393,615.64. This represents a 3.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,236 shares of company stock worth $1,510,373. Insiders own 2.40% of the company’s stock.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.