ETF Managers Group LLC grew its holdings in Generac Holdings Inc. (NYSE:GNRC) by 15.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,840 shares of the technology company’s stock after buying an additional 387 shares during the quarter. ETF Managers Group LLC’s holdings in Generac were worth $141,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Csenge Advisory Group acquired a new stake in shares of Generac in the 3rd quarter valued at approximately $38,000. First Hawaiian Bank increased its stake in Generac by 71.5% in the 4th quarter. First Hawaiian Bank now owns 1,403 shares of the technology company’s stock valued at $70,000 after purchasing an additional 585 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Generac in the 3rd quarter valued at approximately $100,000. Salem Investment Counselors Inc. purchased a new position in Generac in the 3rd quarter valued at approximately $169,000. Finally, Advisory Services Network LLC purchased a new position in Generac in the 3rd quarter valued at approximately $179,000. 96.67% of the stock is owned by institutional investors and hedge funds.
NYSE GNRC opened at $50.21 on Tuesday. Generac Holdings Inc. has a 1-year low of $42.96 and a 1-year high of $60.70. The company has a market capitalization of $3.10 billion, a P/E ratio of 14.77, a PEG ratio of 1.69 and a beta of 1.23. The company has a quick ratio of 0.98, a current ratio of 1.88 and a debt-to-equity ratio of 1.23.
GNRC has been the subject of several research analyst reports. Zacks Investment Research downgraded Generac from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine raised Generac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. William Blair downgraded Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. Goldman Sachs Group raised Generac from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. Finally, Robert W. Baird raised their price objective on Generac from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $56.61.
In other Generac news, CFO York A. Ragen sold 36,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $54.84, for a total transaction of $1,974,240.00. Following the completion of the transaction, the chief financial officer now owns 185,108 shares of the company’s stock, valued at $10,151,322.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $50.00, for a total value of $1,000,000.00. Following the transaction, the chief executive officer now directly owns 780,271 shares of the company’s stock, valued at approximately $39,013,550. The disclosure for this sale can be found here. Insiders sold a total of 96,000 shares of company stock valued at $5,165,240 over the last ninety days. 3.00% of the stock is currently owned by company insiders.
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.
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