Mitsubishi UFJ Trust & Banking Corp Increases Position in Generac Holdings Inc. $GNRC

Mitsubishi UFJ Trust & Banking Corp grew its position in Generac Holdings Inc. (NYSE:GNRC) by 433.8% during the third quarter, Holdings Channel.com reports. The firm owned 11,055 shares of the technology company’s stock after acquiring an additional 8,984 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Generac were worth $1,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Corp acquired a new stake in Generac in the third quarter valued at $28,000. MUFG Securities EMEA plc acquired a new position in shares of Generac during the 2nd quarter worth about $25,000. Creative Capital Management Investments LLC increased its holdings in shares of Generac by 740.7% in the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after acquiring an additional 200 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Generac during the 3rd quarter worth about $41,000. Finally, Red Tortoise LLC purchased a new stake in Generac during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Trading Down 1.1%

NYSE GNRC opened at $168.07 on Friday. The firm’s fifty day moving average is $154.14 and its two-hundred day moving average is $167.86. Generac Holdings Inc. has a one year low of $99.50 and a one year high of $203.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The firm has a market cap of $9.86 billion, a PE ratio of 32.01, a P/E/G ratio of 1.37 and a beta of 1.82.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.42). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. Generac had a return on equity of 17.63% and a net margin of 6.92%.Generac’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.25 EPS. Analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the sale, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GNRC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a research note on Thursday, January 22nd. Needham & Company LLC initiated coverage on shares of Generac in a research report on Monday, January 12th. They issued a “buy” rating and a $211.00 target price on the stock. Guggenheim cut their price target on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Citigroup upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price objective for the company in a research note on Thursday, January 8th. Finally, Robert W. Baird raised Generac from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $215.00 to $199.00 in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $195.29.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.