Jupiter Topco LLC Invests $7.75 Million in Generac Holdings Inc. $GNRC

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

Several other institutional investors and hedge funds have also recently made changes to their positions in GNRC. Nicollet Investment Management Inc. increased its position in Generac by 0.7% during the 4th quarter. Nicollet Investment Management Inc. now owns 7,734 shares of the technology company’s stock valued at $1,055,000 after purchasing an additional 50 shares during the period. Root Financial Partners LLC lifted its position in shares of Generac by 32.9% in the 1st quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after purchasing an additional 54 shares during the period. Gen Wealth Partners Inc boosted its stake in shares of Generac by 8.7% during the fourth quarter. Gen Wealth Partners Inc now owns 675 shares of the technology company’s stock valued at $92,000 after purchasing an additional 54 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in Generac by 0.6% during the fourth quarter. Meridian Financial Partners LLC now owns 10,056 shares of the technology company’s stock valued at $1,371,000 after buying an additional 61 shares during the period. Finally, Essential Partners LLC raised its stake in Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock worth $33,000 after buying an additional 61 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

Shares of GNRC stock opened at $184.02 on Monday. The business’s fifty day simple moving average is $226.30 and its 200-day simple moving average is $230.46. The company has a market cap of $10.86 billion, a PE ratio of 42.40, a PEG ratio of 1.57 and a beta of 1.92. The company has a current ratio of 2.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 29th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.01 by $0.90. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%.The business’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 posted $1.65 EPS. Analysts expect that Generac Holdings Inc. will post 9.78 earnings per share for the current fiscal year.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the sale, the chief executive officer owned 554,528 shares in the company, valued at approximately $108,071,961.92. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Andrew Raabe sold 586 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $213.35, for a total transaction of $125,023.10. Following the completion of the sale, the insider directly owned 10,746 shares of the company’s stock, valued at approximately $2,292,659.10. The trade was a 5.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 7,236 shares of company stock worth $1,510,373. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

GNRC has been the topic of several recent research reports. Roth Capital set a $214.00 target price on Generac in a research report on Thursday, July 30th. Weiss Ratings upgraded Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. UBS Group raised their price objective on Generac from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Robert W. Baird set a $305.00 target price on Generac in a research note on Thursday, July 30th. Finally, Citigroup boosted their target price on shares of Generac from $263.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $284.84.

About Generac

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.