Regents Gate Capital LLP Reduces Stock Position in Generac Holdings Inc. $GNRC

Regents Gate Capital LLP decreased its position in Generac Holdings Inc. (NYSE:GNRC) by 87.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,500 shares of the technology company’s stock after selling 37,435 shares during the period. Regents Gate Capital LLP’s holdings in Generac were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GNRC. Sequoia Financial Advisors LLC acquired a new position in shares of Generac in the first quarter valued at approximately $245,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company’s stock worth $929,000 after buying an additional 1,195 shares during the period. Mather Group LLC. boosted its stake in Generac by 23.2% in the 1st quarter. Mather Group LLC. now owns 1,852 shares of the technology company’s stock worth $235,000 after buying an additional 349 shares during the last quarter. Private Trust Co. NA boosted its stake in Generac by 42.9% in the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company’s stock worth $38,000 after buying an additional 90 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in Generac by 13.1% in the 1st quarter. First Horizon Advisors Inc. now owns 787 shares of the technology company’s stock valued at $100,000 after buying an additional 91 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GNRC has been the topic of several research analyst reports. Citigroup decreased their target price on shares of Generac from $219.00 to $217.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. TD Cowen lifted their price target on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a research report on Sunday, September 28th. Finally, Needham & Company LLC assumed coverage on Generac in a research report on Wednesday, October 22nd. They set a “buy” rating and a $248.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.61.

Generac Stock Up 1.3%

Shares of Generac stock opened at $168.02 on Friday. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64. The company has a current ratio of 2.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $179.89 and a 200 day moving average price of $156.31.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Equities research analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.