Legal & General Group Plc Grows Position in Generac Holdings Inc. (GNRC)

Legal & General Group Plc boosted its position in Generac Holdings Inc. (NYSE:GNRC) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 48,500 shares of the technology company’s stock after acquiring an additional 5,887 shares during the quarter. Legal & General Group Plc’s holdings in Generac were worth $2,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Generac by 1.6% in the third quarter. Vanguard Group Inc. now owns 6,292,028 shares of the technology company’s stock valued at $354,933,000 after purchasing an additional 100,141 shares during the period. Vanguard Group Inc lifted its position in Generac by 1.6% in the third quarter. Vanguard Group Inc now owns 6,292,028 shares of the technology company’s stock valued at $354,933,000 after purchasing an additional 100,141 shares during the period. BlackRock Inc. lifted its position in Generac by 0.7% in the third 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. JPMorgan Chase & Co. lifted its position in Generac by 1.7% in the third 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. Finally, Dimensional Fund Advisors LP lifted its position in Generac by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,647,288 shares of the technology company’s stock valued at $81,870,000 after purchasing an additional 33,794 shares during the period. Hedge funds and other institutional investors own 96.53% of the company’s stock.

GNRC stock opened at $54.48 on Thursday. Generac Holdings Inc. has a 12-month low of $43.65 and a 12-month high of $60.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.00 and a quick ratio of 1.03. The company has a market cap of $3.35 billion, a PE ratio of 11.59, a P/E/G ratio of 1.82 and a beta of 1.13.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Thursday, February 14th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.03. Generac had a net margin of 11.71% and a return on equity of 44.15%. The company had revenue of $563.40 million during the quarter, compared to the consensus estimate of $552.69 million. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts forecast that Generac Holdings Inc. will post 4.59 earnings per share for the current year.

In other news, insider Russell S. Minick sold 31,283 shares of Generac stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $52.52, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Aaron Jagdfeld sold 20,000 shares of Generac stock in a transaction that occurred on Friday, March 1st. The shares were 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. Over the last quarter, insiders have sold 91,283 shares of company stock valued at $4,779,583. Insiders own 3.00% of the company’s stock.

GNRC has been the subject of a number of recent analyst reports. William Blair downgraded shares of Generac from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Generac from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded shares of Generac from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $57.83.

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Generac 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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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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