Thematics Asset Management Sells 6,687 Shares of Generac Holdings Inc. $GNRC

Key Points

• Thematics Asset Management reduced its stake in Generac Holdings Inc. by 9.1%, selling 6,687 shares, leaving them with 66,490 shares valued at approximately $8.42 million.
• Generac's recent quarterly earnings reported an earnings per share (EPS) of $1.65, exceeding expectations, and a revenue of $1.06 billion, reflecting a 6.3% year-over-year increase.
• Price target adjustments from various brokerages have varied widely, with TD Cowen raising its target to $198.00 and UBS Group pushing its target to $220.00, indicating strong optimism among analysts.

Thematics Asset Management decreased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,490 shares of the technology company's stock after selling 6,687 shares during the quarter. Thematics Asset Management owned 0.11% of Generac worth $8,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Invesco Ltd. boosted its stake in Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company's stock worth $179,148,000 after buying an additional 285,388 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Generac by 77.3% in the first quarter. DAVENPORT & Co LLC now owns 473,047 shares of the technology company's stock worth $60,077,000 after buying an additional 206,311 shares in the last quarter. Nuveen LLC purchased a new stake in Generac in the first quarter worth approximately $23,375,000. Federated Hermes Inc. boosted its stake in Generac by 51.0% in the first quarter. Federated Hermes Inc. now owns 458,335 shares of the technology company's stock worth $58,048,000 after buying an additional 154,867 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Generac by 27.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 712,957 shares of the technology company's stock worth $110,544,000 after buying an additional 153,141 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Performance

Shares of NYSE GNRC traded down $2.20 during trading on Wednesday, hitting $187.12. The company had a trading volume of 696,137 shares, compared to its average volume of 1,271,056. The stock has a 50 day simple moving average of $166.92 and a 200 day simple moving average of $139.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market capitalization of $10.98 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.68.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.35 earnings per share. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer owned 562,966 shares of the company's stock, valued at $80,166,358.40. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

GNRC has been the subject of several research reports. Barclays set a $200.00 target price on Generac and gave the stock an "equal weight" rating in a research note on Wednesday, July 30th. Roth Capital upped their target price on Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their target price on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, TD Securities cut their target price on Generac from $173.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $174.56.

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.