90,000 Shares in Generac Holdings Inc. $GNRC Purchased by Tredje AP fonden

Tredje AP fonden purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 90,000 shares of the technology company’s stock, valued at approximately $12,273,000. Tredje AP fonden owned 0.15% of Generac at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GNRC. MUFG Securities EMEA plc bought a new position in Generac during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Generac during the 3rd quarter valued at $26,000. Sentry Investment Management LLC lifted its position in shares of Generac by 69.8% during the 3rd quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after acquiring an additional 67 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Generac by 47.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 274 shares of the technology company’s stock valued at $46,000 after acquiring an additional 88 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Generac during the 3rd quarter valued at $46,000. 84.04% of the stock is owned by institutional investors.

Generac Price Performance

GNRC opened at $243.72 on Wednesday. The stock has a fifty day moving average of $220.11 and a 200-day moving average of $187.53. The firm has a market capitalization of $14.35 billion, a P/E ratio of 76.40, a PEG ratio of 2.37 and a beta of 1.93. Generac Holdings Inc. has a 12-month low of $118.09 and a 12-month high of $276.80. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47.

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

Insider Activity

In related news, CFO York A. Ragen sold 24,362 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the completion of the sale, the chief financial officer directly owned 137,182 shares in the company, valued at approximately $32,321,451.02. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GNRC shares. TD Cowen increased their price objective on Generac from $255.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Needham & Company LLC reiterated a “buy” rating and set a $277.00 price objective on shares of Generac in a research report on Thursday, March 26th. Wall Street Zen upgraded Generac from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. increased their target price on Generac from $229.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Guggenheim restated a “neutral” rating and issued a $202.00 target price on shares of Generac in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $270.31.

Generac Profile

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.