Thematics Asset Management Acquires New Holdings in Generac Holdings Inc. (NYSE:GNRC)

Thematics Asset Management bought a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 60,000 shares of the technology company’s stock, valued at approximately $9,533,000. Thematics Asset Management owned about 0.10% of Generac at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EntryPoint Capital LLC increased its holdings in Generac by 73.2% in the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after purchasing an additional 90 shares during the period. Sunbelt Securities Inc. boosted its stake in 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 bought a new position in shares of Generac during the 3rd quarter worth about $31,000. SouthState Corp acquired a new stake in Generac in the third quarter valued at approximately $32,000. Finally, Capital Advisors Ltd. LLC grew its position in Generac by 611.1% in 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 period. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Roth Mkm boosted their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Northland Securities raised their target price on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Scotiabank raised their price objective on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.58.

Generac Stock Performance

NYSE GNRC traded down $1.32 on Tuesday, hitting $190.36. 57,893 shares of the stock traded hands, compared to its average volume of 944,890. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market capitalization of $11.33 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 2.32 and a beta of 1.37. Generac Holdings Inc. has a 12 month low of $108.89 and a 12 month high of $195.94. The business’s fifty day moving average is $169.12 and its two-hundred day moving average is $154.04.

Generac (NYSE:GNRC) last released 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 business 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%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.64 earnings per share. As a group, equities analysts anticipate that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the 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 completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,268 shares of company stock valued at $7,584,853. Company insiders own 2.90% of the company’s stock.

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.