Thematics Asset Management Boosts Holdings in Generac Holdings Inc. $GNRC

Thematics Asset Management increased its position in Generac Holdings Inc. (NYSE:GNRC) by 16.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,742 shares of the technology company’s stock after purchasing an additional 11,210 shares during the period. Thematics Asset Management owned approximately 0.13% of Generac worth $13,014,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its stake in shares of Generac by 21.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 331 shares of the technology company’s stock worth $55,000 after buying an additional 59 shares in the last quarter. Sentry Investment Management LLC raised its holdings in Generac by 69.8% in the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Beacon Investment Advisors LLC lifted its position in Generac by 0.3% in the 2nd quarter. Beacon Investment Advisors LLC now owns 26,226 shares of the technology company’s stock valued at $3,735,000 after acquiring an additional 70 shares in the last quarter. ORG Partners LLC boosted its stake in Generac by 24.7% during the 3rd quarter. ORG Partners LLC now owns 369 shares of the technology company’s stock valued at $62,000 after purchasing an additional 73 shares during the last quarter. Finally, Argent Trust Co boosted its stake in Generac by 2.3% during the 3rd quarter. Argent Trust Co now owns 3,272 shares of the technology company’s stock valued at $548,000 after purchasing an additional 73 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Generac Price Performance

NYSE GNRC opened at $200.59 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $11.77 billion, a P/E ratio of 74.85, a PEG ratio of 1.49 and a beta of 1.74. The company has a 50-day moving average price of $191.17 and a 200-day moving average price of $174.49. Generac Holdings Inc. has a 52 week low of $99.50 and a 52 week high of $241.09.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a net margin of 3.79% and a return on equity of 14.55%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted $2.80 earnings per share. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. Equities research analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In related news, CFO York A. Ragen sold 24,362 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer directly owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GNRC shares. Canaccord Genuity Group set a $275.00 price target on Generac in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price objective on Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Zacks Research upgraded shares of Generac from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 19th. Robert W. Baird set a $292.00 price target on shares of Generac in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective for the company in a report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.06.

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.