ING Groep NV Acquires 2,516 Shares of Generac Holdings Inc. (NYSE:GNRC)

ING Groep NV boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 90.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,299 shares of the technology company’s stock after buying an additional 2,516 shares during the period. ING Groep NV’s holdings in Generac were worth $822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Modus Advisors LLC bought a new stake in Generac during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in Generac during the 4th quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new position in Generac during the 3rd quarter valued at approximately $31,000. Finally, Bank of Jackson Hole Trust purchased a new position in Generac during the 4th quarter valued at approximately $31,000. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

GNRC opened at $138.33 on Tuesday. The business has a fifty day moving average of $152.70 and a 200 day moving average of $160.60. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.25 billion, a P/E ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

GNRC has been the subject of several research analyst reports. Barclays initiated coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price target for the company. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus cut their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on Generac from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $174.00.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 completion of the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.90% of the stock is owned by company insiders.

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.