Generac Holdings Inc. (NYSE:GNRC) Holdings Lifted by Regents Gate Capital LLP

Regents Gate Capital LLP increased its position in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 85.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,935 shares of the technology company's stock after acquiring an additional 19,808 shares during the quarter. Generac makes up about 2.3% of Regents Gate Capital LLP's portfolio, making the stock its 19th biggest holding. Regents Gate Capital LLP owned approximately 0.07% of Generac worth $5,438,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Generac by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 557,986 shares of the technology company's stock valued at $86,516,000 after purchasing an additional 2,015 shares in the last quarter. Atria Investments Inc lifted its position in Generac by 19.1% in the fourth quarter. Atria Investments Inc now owns 2,828 shares of the technology company's stock valued at $438,000 after purchasing an additional 453 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Generac during the 4th quarter valued at approximately $4,568,000. Raymond James Financial Inc. acquired a new stake in shares of Generac during the 4th quarter valued at approximately $46,785,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Generac by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,242 shares of the technology company's stock valued at $2,208,000 after acquiring an additional 357 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reduced their price target on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company reduced their price target on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Robert W. Baird reduced their price target on shares of Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Stephens restated an "overweight" rating and set a $175.00 price objective on shares of Generac in a research report on Tuesday, May 27th. Finally, Stifel Nicolaus cut their price objective on Generac from $200.00 to $195.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $169.17.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the sale, the chief executive officer owned 562,966 shares in the company, valued at approximately $80,166,358.40. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Generac Stock Up 1.3%

Generac stock traded up $1.97 during trading on Wednesday, reaching $151.17. 631,231 shares of the company's stock were exchanged, compared to its average volume of 865,994. The company's 50-day moving average is $129.15 and its two-hundred day moving average is $134.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.89 and a current ratio of 1.97. Generac Holdings Inc. has a 52-week low of $99.50 and a 52-week high of $195.94. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.34 and a beta of 1.72.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The firm had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the previous year, the business posted $0.88 EPS. The firm's revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Generac Holdings Inc. will post 8 earnings per share for the current year.

Generac 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.