Capital World Investors Acquires 29,447 Shares of Generac Holdings Inc. $GNRC

Capital World Investors increased its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 51.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,695 shares of the technology company’s stock after purchasing an additional 29,447 shares during the quarter. Capital World Investors owned 0.15% of Generac worth $11,823,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of GNRC. MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Generac during the 3rd quarter worth approximately $26,000. IFP Advisors Inc increased its stake in Generac by 33.8% during the 4th quarter. IFP Advisors Inc now owns 435 shares of the technology company’s stock worth $59,000 after purchasing an additional 110 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Generac during the 4th quarter worth approximately $61,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Generac during the 3rd quarter worth approximately $67,000. 84.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Zacks Research cut Generac from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. UBS Group increased their target price on Generac from $270.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Stephens reissued an “overweight” rating and set a $290.00 target price on shares of Generac in a research note on Thursday, May 21st. Finally, Wall Street Zen raised shares of Generac from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $276.88.

Generac Price Performance

Shares of GNRC opened at $261.00 on Wednesday. The stock has a market capitalization of $15.36 billion, a P/E ratio of 81.82, a P/E/G ratio of 2.49 and a beta of 1.93. Generac Holdings Inc. has a twelve month low of $123.66 and a twelve month high of $294.18. The company has a 50 day moving average of $240.14 and a 200-day moving average of $199.62. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The business’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. As a group, equities research analysts forecast that Generac Holdings Inc. will post 8.91 EPS for the current fiscal year.

Insider Activity at Generac

In other news, insider Norman P. Taffe sold 550 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the completion of the sale, the insider owned 16,108 shares of the company’s stock, valued at approximately $4,385,564.08. This represents a 3.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $272.18, for a total value of $1,360,900.00. Following the completion of the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at approximately $153,653,231.04. The trade was a 0.88% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by company insiders.

Generac Profile

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.