Ninety One UK Ltd Buys 56,169 Shares of Generac Holdings Inc. (NYSE:GNRC)

Ninety One UK Ltd increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 13.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 476,897 shares of the technology company’s stock after acquiring an additional 56,169 shares during the period. Ninety One UK Ltd’s holdings in Generac were worth $61,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Meiji Yasuda Life Insurance Co lifted its position in Generac by 3.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 1,448 shares of the technology company’s stock valued at $430,000 after acquiring an additional 48 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of Generac by 3.3% during the first quarter. Vident Investment Advisory LLC now owns 2,099 shares of the technology company’s stock valued at $622,000 after purchasing an additional 68 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Generac by 7.5% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,294 shares of the technology company’s stock valued at $272,000 after purchasing an additional 90 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Generac by 45.6% in the 1st quarter. Lazard Asset Management LLC now owns 300 shares of the technology company’s stock worth $88,000 after purchasing an additional 94 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Generac by 1.6% in the 2nd quarter. Marshall Wace LLP now owns 6,310 shares of the technology company’s stock worth $941,000 after buying an additional 100 shares during the last quarter. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the sale, the chief executive officer now owns 577,690 shares of the company’s stock, valued at approximately $66,561,441.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GNRC has been the topic of several analyst reports. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a report on Tuesday, April 2nd. Robert W. Baird lifted their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Canaccord Genuity Group upped their target price on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Guggenheim downgraded shares of Generac from a “buy” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, Roth Mkm boosted their price objective on shares of Generac from $105.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $140.80.

Generac Price Performance

Shares of GNRC stock traded up $2.21 during mid-day trading on Thursday, hitting $132.46. The company had a trading volume of 683,221 shares, compared to its average volume of 1,014,891. The company has a market capitalization of $7.98 billion, a P/E ratio of 40.95, a P/E/G ratio of 1.71 and a beta of 1.45. The stock’s 50 day moving average price is $120.92 and its 200-day moving average price is $115.54. Generac Holdings Inc. has a 52-week low of $79.86 and a 52-week high of $156.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.02). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. Equities research analysts forecast that Generac Holdings Inc. will post 6.3 earnings per share for the current year.

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.