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

ING Groep NV boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 90.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,299 shares of the technology company’s stock after purchasing an additional 2,516 shares during the quarter. ING Groep NV’s holdings in Generac were worth $822,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. grew its stake in shares of Generac by 52.8% in the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock worth $541,000 after acquiring an additional 1,177 shares during the last quarter. Nordea Investment Management AB purchased a new stake in shares of Generac in the fourth quarter worth $5,229,000. Global Financial Private Client LLC purchased a new stake in shares of Generac in the fourth quarter worth $614,000. Principal Financial Group Inc. grew its stake in shares of Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock worth $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Generac by 106.1% in the third quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 14,811 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Stock Up 0.2 %

GNRC stock opened at $138.33 on Tuesday. Generac Holdings Inc. has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The business’s 50-day moving average is $152.70 and its two-hundred day moving average is $160.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 25.62, a P/E/G 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 EPS for the quarter, topping the consensus estimate 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, analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of recent research reports. Piper Sandler cut their target price on Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. UBS Group increased their price objective on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price objective on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Barclays began coverage on Generac in a research report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.00.

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.