19,015 Shares of Generac Holdings Inc. $GNRC Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 19,015 shares of the technology company’s stock, valued at approximately $3,935,000.

Several other large investors have also bought and sold shares of GNRC. Contravisory Investment Management Inc. raised its position in shares of Generac by 1.5% in the 3rd quarter. Contravisory Investment Management Inc. now owns 4,027 shares of the technology company’s stock worth $833,000 after acquiring an additional 58 shares in the last quarter. Essential Partners LLC lifted its stake in shares of Generac by 57.0% in the 1st quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after purchasing an additional 61 shares during the period. Oarsman Capital Inc. boosted its position in shares of Generac by 4.3% during the second quarter. Oarsman Capital Inc. now owns 1,492 shares of the technology company’s stock valued at $437,000 after purchasing an additional 61 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Generac by 6.2% during the third quarter. Wedbush Securities Inc. now owns 1,049 shares of the technology company’s stock valued at $217,000 after purchasing an additional 61 shares in the last quarter. Finally, Investment Research Partners LLC boosted its position in shares of Generac by 3.9% during the third quarter. Investment Research Partners LLC now owns 1,663 shares of the technology company’s stock valued at $344,000 after purchasing an additional 62 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GNRC shares. HSBC cut Generac to a “hold” rating and set a $333.00 price target on the stock. in a research note on Thursday, September 17th. DA Davidson set a $333.00 target price on shares of Generac in a report on Thursday, July 30th. Raymond James Financial set a $279.00 target price on shares of Generac in a report on Thursday, October 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Generac in a research report on Thursday, October 29th. Finally, Stifel Nicolaus increased their price target on shares of Generac from $290.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Generac has an average rating of “Moderate Buy” and a consensus price target of $290.41.

Insider Transactions at Generac

In other news, insider Norman Taffe sold 400 shares of Generac stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $188.70, for a total value of $75,480.00. Following the completion of the transaction, the insider owned 11,276 shares of the company’s stock, valued at $2,127,781.20. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kyle Raabe sold 603 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $212.57, for a total transaction of $128,179.71. Following the completion of the transaction, the insider owned 9,966 shares in the company, valued at approximately $2,118,472.62. The trade was a 5.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 12,606 shares of company stock valued at $2,491,310 in the last quarter. 2.40% of the stock is owned by insiders.

Generac Stock Up 2.2%

Shares of GNRC stock traded up $3.80 during trading hours on Friday, hitting $176.13. 1,270,304 shares of the company’s stock traded hands, compared to its average volume of 1,179,782. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $197.79 and its two-hundred day simple moving average is $218.22. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 1.72 and a beta of 1.86.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.14. Generac had a return on equity of 18.78% and a net margin of 6.52%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $1.83 EPS. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. On average, analysts expect that Generac Holdings Inc. will post 9.84 EPS for the current year.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.