60,000 Shares in Generac Holdings Inc. (NYSE:GNRC) Bought by Thematics Asset Management

Thematics Asset Management purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 60,000 shares of the technology company’s stock, valued at approximately $9,533,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC lifted its position 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 buying an additional 90 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Generac by 97.1% during the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Generac in the 3rd quarter valued at $31,000. SouthState Corp purchased a new stake in shares of Generac in the 3rd quarter valued at $32,000. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the subject of several analyst reports. Scotiabank upped their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Roth Mkm raised their price target on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Robert W. Baird lowered their price target on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Stephens reissued an “overweight” rating and set a $200.00 target price on shares of Generac in a research note on Monday, August 5th. Finally, TD Cowen lifted their price target on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.58.

Insider Activity at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,584,853 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Generac Stock Down 0.7 %

Shares of Generac stock traded down $1.32 during midday trading on Tuesday, hitting $190.36. The company had a trading volume of 57,893 shares, compared to its average volume of 944,890. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The stock has a market capitalization of $11.33 billion, a P/E ratio of 39.75, a P/E/G ratio of 2.32 and a beta of 1.37. The company has a 50 day moving average of $169.12 and a 200 day moving average of $154.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 EPS. On average, equities analysts predict that Generac Holdings Inc. will post 6.8 earnings per share 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.