Regents Gate Capital LLP Boosts Holdings in Generac Holdings Inc. (NYSE:GNRC)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Generac in the 4th quarter worth approximately $90,913,000. Boston Partners increased its stake in shares of Generac by 39.0% during the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Generac by 81.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after purchasing an additional 469,575 shares during the last quarter. Forest Avenue Capital Management LP purchased a new stake in shares of Generac during the fourth quarter worth about $49,313,000. Finally, Raymond James Financial Inc. purchased a new position in Generac during the 4th quarter worth approximately $46,785,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GNRC has been the topic of several recent research reports. Wells Fargo & Company lowered their target price on shares of Generac from $165.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Canaccord Genuity Group lowered their target price on shares of Generac from $200.00 to $180.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird cut their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded Generac from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Finally, Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a report on Monday, March 17th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $169.17.

Generac Stock Performance

Shares of GNRC stock opened at $149.49 on Wednesday. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $195.94. The company's 50-day moving average is $129.15 and its 200 day moving average is $134.43. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.72. 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 (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.68% and a return on equity of 18.90%. The company had revenue of $942.12 million for the quarter, compared to the consensus estimate of $921.78 million. During the same period in the prior year, the firm posted $0.88 EPS. Generac's revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts expect that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

About Generac

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.

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