Thematics Asset Management Boosts Position in Generac Holdings Inc. (NYSE:GNRC)

Thematics Asset Management grew its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 22.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,177 shares of the technology company's stock after purchasing an additional 13,177 shares during the period. Thematics Asset Management owned about 0.12% of Generac worth $11,346,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MML Investors Services LLC lifted its stake in Generac by 64.0% in the fourth quarter. MML Investors Services LLC now owns 8,317 shares of the technology company's stock valued at $1,290,000 after purchasing an additional 3,247 shares during the last quarter. MetLife Investment Management LLC raised its stake in Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company's stock valued at $2,636,000 after acquiring an additional 77 shares during the period. Ostrum Asset Management purchased a new stake in Generac during the fourth quarter valued at about $50,000. Dimensional Fund Advisors LP boosted its position in Generac by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 728,539 shares of the technology company's stock worth $112,961,000 after purchasing an additional 16,954 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Generac by 828.0% in the fourth quarter. First Trust Advisors LP now owns 168,548 shares of the technology company's stock worth $26,133,000 after purchasing an additional 150,385 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on GNRC. Piper Sandler cut their price objective on shares of Generac from $175.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Citigroup upgraded Generac from a "neutral" rating to a "buy" rating and dropped their target price for the company from $162.00 to $138.00 in a report on Thursday, April 17th. Stifel Nicolaus decreased their price target on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, Robert W. Baird cut their price target on shares of Generac from $172.00 to $171.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and a consensus target price of $173.40.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.90% of the stock is owned by corporate insiders.

Generac Price Performance

GNRC stock traded down $0.52 during trading on Wednesday, reaching $110.15. The company's stock had a trading volume of 588,072 shares, compared to its average volume of 872,844. The company's fifty day moving average is $126.63 and its 200-day moving average is $152.87. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac Holdings Inc. has a 1 year low of $99.50 and a 1 year high of $195.94. The company has a market capitalization of $6.57 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.44 and a beta of 1.58.

Generac (NYSE:GNRC - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, research analysts expect that Generac Holdings Inc. will post 8 earnings per share 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.