Mirae Asset Global Investments Co. Ltd. Purchases 1,762 Shares of Generac Holdings Inc. (NYSE:GNRC)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Generac Holdings Inc. (NYSE:GNRC) by 66.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,424 shares of the technology company’s stock after acquiring an additional 1,762 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Generac were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. DAVENPORT & Co LLC increased its stake in shares of Generac by 831.1% in the 1st quarter. DAVENPORT & Co LLC now owns 240,111 shares of the technology company’s stock valued at $30,288,000 after purchasing an additional 214,322 shares during the last quarter. Willis Investment Counsel raised its stake in Generac by 18.7% during the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company’s stock worth $16,684,000 after acquiring an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company’s stock worth $928,000 after acquiring an additional 3,244 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in shares of Generac in the 1st quarter valued at approximately $1,053,000. Finally, Nwam LLC grew its holdings in shares of Generac by 135.8% during the 1st quarter. Nwam LLC now owns 5,629 shares of the technology company’s stock valued at $768,000 after purchasing an additional 3,242 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.90% of the company’s stock.

Generac Trading Up 2.0 %

Shares of GNRC stock opened at $168.91 on Friday. Generac Holdings Inc. has a fifty-two week low of $98.27 and a fifty-two week high of $176.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.03. The stock has a 50 day simple moving average of $157.17 and a two-hundred day simple moving average of $148.17. The company has a market cap of $10.16 billion, a P/E ratio of 35.04, a PEG ratio of 2.13 and a beta of 1.37.

Generac (NYSE:GNRC) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS. Research analysts forecast that Generac Holdings Inc. will post 6.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the subject of several research reports. StockNews.com raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Roth Mkm boosted their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Citigroup increased their target price on Generac from $128.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their price target on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.10.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.