APG Asset Management N.V. grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,100 shares of the technology company’s stock after purchasing an additional 38,100 shares during the period. APG Asset Management N.V. owned approximately 0.35% of Generac worth $9,395,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Generac by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 6,292,028 shares of the technology company’s stock worth $354,933,000 after buying an additional 100,141 shares in the last quarter. Vanguard Group Inc lifted its holdings in Generac by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 6,292,028 shares of the technology company’s stock worth $354,933,000 after buying an additional 100,141 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Generac by 0.7% in the 3rd quarter. BlackRock Inc. now owns 4,871,723 shares of the technology company’s stock valued at $274,812,000 after purchasing an additional 33,507 shares during the period. FMR LLC lifted its stake in shares of Generac by 8.3% in the 3rd quarter. FMR LLC now owns 3,327,353 shares of the technology company’s stock valued at $187,697,000 after purchasing an additional 255,168 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Generac by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,103,407 shares of the technology company’s stock valued at $118,653,000 after purchasing an additional 34,838 shares during the period. Institutional investors own 96.53% of the company’s stock.
GNRC stock traded up $0.56 during trading hours on Friday, reaching $55.34. 259,083 shares of the stock were exchanged, compared to its average volume of 341,224. The stock has a market cap of $3.40 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.86 and a beta of 1.13. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 1.15. Generac Holdings Inc. has a 12 month low of $43.65 and a 12 month high of $60.70.
A number of research analysts have recently weighed in on GNRC shares. ValuEngine raised Generac from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded Generac from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, William Blair downgraded Generac from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 6th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.83.
In related news, insider Russell S. Minick sold 31,283 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $52.52, for a total value of $1,642,983.16. Following the completion of the sale, the insider now directly owns 14,415 shares in the company, valued at approximately $757,075.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $51.75, for a total transaction of $1,035,000.00. Following the sale, the chief executive officer now owns 721,281 shares of the company’s stock, valued at $37,326,291.75. The disclosure for this sale can be found here. Insiders sold a total of 91,283 shares of company stock valued at $4,779,583 in the last 90 days. 3.00% of the stock is owned by corporate insiders.
Generac Company Profile
Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power 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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