Regents Gate Capital LLP Invests $3.59 Million in Generac Holdings Inc. (NYSE:GNRC)

Regents Gate Capital LLP purchased a new stake in Generac Holdings Inc. (NYSE:GNRC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,127 shares of the technology company’s stock, valued at approximately $3,586,000. Generac makes up about 1.4% of Regents Gate Capital LLP’s portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. grew its holdings in shares of Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after buying an additional 1,177 shares in the last quarter. Willis Investment Counsel increased its holdings in shares of Generac by 18.7% in the 3rd quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock valued at $16,684,000 after purchasing an additional 16,541 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Generac in the fourth quarter worth approximately $5,229,000. Global Financial Private Client LLC acquired a new stake in shares of Generac during the fourth quarter worth approximately $614,000. Finally, Principal Financial Group Inc. grew its position in Generac by 5.0% during the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after purchasing an additional 3,426 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 0.3 %

Shares of GNRC stock opened at $142.22 on Monday. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The firm has a 50 day moving average price of $159.98 and a two-hundred day moving average price of $160.93. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $8.46 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GNRC. TD Cowen upped their price target on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Piper Sandler decreased their price target on shares of Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of Generac from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird reduced their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac has an average rating of “Moderate Buy” and an average price target of $173.55.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.90% of the company’s stock.

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.