19,015 Shares in Generac Holdings Inc. $GNRC Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Generac Holdings Inc. (NYSE:GNRC) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,015 shares of the technology company’s stock, valued at approximately $3,935,000.

Several other institutional investors have also recently made changes to their positions in the company. Vise Technologies Inc. lifted its holdings in shares of Generac by 23.1% during the 3rd quarter. Vise Technologies Inc. now owns 1,788 shares of the technology company’s stock worth $370,000 after acquiring an additional 336 shares during the last quarter. MGO One Seven LLC boosted its holdings in shares of Generac by 54.8% in the 3rd quarter. MGO One Seven LLC now owns 5,463 shares of the technology company’s stock worth $1,131,000 after purchasing an additional 1,934 shares in the last quarter. State of Wyoming increased its position in shares of Generac by 81.2% during the 3rd quarter. State of Wyoming now owns 2,843 shares of the technology company’s stock valued at $588,000 after purchasing an additional 1,274 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Generac by 45.9% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 9,214 shares of the technology company’s stock valued at $1,907,000 after purchasing an additional 2,900 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Generac by 143.4% during the 3rd quarter. D.A. Davidson & CO. now owns 12,458 shares of the technology company’s stock valued at $2,578,000 after buying an additional 7,339 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, insider Kyle Raabe sold 603 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $212.57, for a total transaction of $128,179.71. Following the completion of the transaction, the insider owned 9,966 shares in the company, valued at $2,118,472.62. This represents a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $182.21, for a total value of $911,050.00. Following the completion of the sale, the chief executive officer directly owned 549,528 shares of the company’s stock, valued at $100,129,496.88. The trade was a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 12,606 shares of company stock valued at $2,491,310. Company insiders own 2.40% of the company’s stock.

Generac Trading Up 2.2%

NYSE:GNRC traded up $3.80 during midday trading on Friday, reaching $176.13. 1,270,304 shares of the stock traded hands, compared to its average volume of 1,179,782. The company has a fifty day moving average of $197.79 and a 200 day moving average of $218.22. Generac Holdings Inc. has a 12 month low of $134.80 and a 12 month high of $296.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.97. The stock has a market capitalization of $10.39 billion, a P/E ratio of 34.88, a PEG ratio of 1.72 and a beta of 1.86.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, October 28th. The technology company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.14. Generac had a return on equity of 18.78% and a net margin of 6.52%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $1.83 earnings per share. Generac’s quarterly revenue was up 16.2% on a year-over-year basis. On average, research analysts predict that Generac Holdings Inc. will post 9.84 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on GNRC. Canaccord Genuity Group lifted their price target on shares of Generac from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Barclays upped their price objective on shares of Generac from $278.00 to $281.00 and gave the company an “equal weight” rating in a research note on Thursday, October 29th. UBS Group reiterated a “buy” rating on shares of Generac in a research report on Friday, September 25th. HSBC downgraded shares of Generac to a “hold” rating and set a $333.00 price target for the company. in a research note on Thursday, September 17th. Finally, Wells Fargo & Company set a $280.00 price target on shares of Generac in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $290.41.

Generac Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.