Capital World Investors Has $11.82 Million Holdings in Generac Holdings Inc. $GNRC

Capital World Investors increased its stake in Generac Holdings Inc. (NYSE:GNRC) by 51.4% in the 4th quarter, HoldingsChannel reports. 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’ holdings in Generac were worth $11,823,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MUFG Securities EMEA plc acquired a new stake in shares of Generac in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac in the 3rd quarter valued at approximately $26,000. IFP Advisors Inc boosted its holdings in shares of Generac by 33.8% in 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 during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Generac in the 4th quarter valued at approximately $61,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Generac during the 3rd quarter valued at $67,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Insiders Place Their Bets

In other news, insider Norman P. Taffe sold 550 shares of Generac stock in a transaction on Friday, June 5th. The stock was sold at an average price of $272.26, for a total transaction 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 trade represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Generac stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.18, for a total value of $1,360,900.00. Following the sale, the chief executive officer directly owned 564,528 shares of the company’s stock, valued at $153,653,231.04. This represents 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 currently owned by company insiders.

Generac Trading Down 1.8%

Shares of Generac stock opened at $261.00 on Wednesday. The business has a fifty day simple moving average of $240.14 and a two-hundred day simple moving average of $199.62. Generac Holdings Inc. has a 1 year low of $123.66 and a 1 year high of $294.18. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 81.82, a P/E/G ratio of 2.49 and a beta of 1.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.03 and a quick ratio of 0.99.

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

Analyst Upgrades and Downgrades

GNRC has been the subject of several research reports. Bank of America cut their price target on Generac from $260.00 to $248.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Raymond James Financial set a $302.00 price target on Generac in a report on Friday, May 22nd. Robert W. Baird set a $311.00 price target on Generac in a report on Thursday, April 30th. Weiss Ratings raised Generac from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Guggenheim reaffirmed a “neutral” rating and set a $202.00 price target on shares of Generac in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $276.88.

About Generac

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.