Rheos Capital Works Inc. Acquires Shares of 30,000 Generac Holdings Inc. (NYSE:GNRC)

Rheos Capital Works Inc. bought a new position in Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the technology company’s stock, valued at approximately $4,766,000.

Several other institutional investors have also made changes to their positions in GNRC. EntryPoint Capital LLC boosted its stake in 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 purchasing an additional 90 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after buying an additional 220 shares during the period. Fairfield Financial Advisors LTD purchased a new position in shares of Generac during the second quarter valued at $38,000. Finally, ORG Partners LLC acquired a new position in Generac during the second quarter valued at $39,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GNRC has been the subject of a number of research reports. StockNews.com lowered Generac from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Piper Sandler reiterated an “overweight” rating and issued a $175.00 target price on shares of Generac in a research report on Tuesday, September 24th. TD Cowen boosted their target price on Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their target price on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Generac in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $156.62.

Generac Stock Up 2.3 %

Shares of GNRC opened at $174.21 on Thursday. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $152.91 and a two-hundred day moving average price of $145.44. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 47.99, a P/E/G ratio of 2.22 and a beta of 1.38. Generac Holdings Inc. has a 12 month low of $79.86 and a 12 month high of $175.86.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.20 by $0.15. Generac had a return on equity of 15.35% and a net margin of 6.03%. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $1.08 EPS. Generac’s revenue was down .2% on a year-over-year basis. Equities analysts predict that Generac Holdings Inc. will post 6.47 EPS for the current fiscal year.

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.