AEGON ASSET MANAGEMENT UK Plc Invests $2.21 Million in Generac Holdings Inc. $GNRC

AEGON ASSET MANAGEMENT UK Plc acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,300 shares of the technology company’s stock, valued at approximately $2,206,000.

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

Generac Price Performance

Shares of Generac stock opened at $279.09 on Friday. Generac Holdings Inc. has a 52-week low of $125.80 and a 52-week high of $294.18. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 87.49, a price-to-earnings-growth ratio of 2.61 and a beta of 1.93. The company has a fifty day moving average of $251.44 and a 200-day moving average of $205.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 2.03.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, April 29th. The technology company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.33 by $0.47. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. Equities research analysts expect that Generac Holdings Inc. will post 8.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GNRC. TD Cowen upped their target price on shares of Generac from $255.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $311.00 price target on Generac in a research report on Thursday, April 30th. Stifel Nicolaus set a $275.00 price target on Generac in a research note on Thursday, April 30th. Weiss Ratings lowered Generac from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Stephens reiterated an “overweight” rating and issued a $290.00 price objective on shares of Generac in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.65.

Insider Activity

In other news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $272.26, for a total value of $149,743.00. Following the transaction, the insider owned 16,108 shares in the company, valued at approximately $4,385,564.08. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated 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. This trade represents a 0.88% 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. Corporate insiders own 2.40% of the company’s stock.

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.