Mirae Asset Global Investments Co. Ltd. Increases Stake in Generac Holdings Inc. (NYSE:GNRC)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Generac Holdings Inc. (NYSE:GNRC) by 38.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,116 shares of the technology company’s stock after acquiring an additional 1,692 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Generac were worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Calamos Advisors LLC raised its holdings in shares of Generac by 1.6% in the 4th quarter. Calamos Advisors LLC now owns 59,675 shares of the technology company’s stock worth $9,253,000 after purchasing an additional 930 shares during the period. abrdn plc raised its holdings in Generac by 96.1% in the fourth quarter. abrdn plc now owns 9,009 shares of the technology company’s stock valued at $1,397,000 after buying an additional 4,416 shares during the period. Conestoga Capital Advisors LLC lifted its position in Generac by 1.6% during the fourth quarter. Conestoga Capital Advisors LLC now owns 158,072 shares of the technology company’s stock valued at $24,509,000 after buying an additional 2,500 shares in the last quarter. Jennison Associates LLC grew its stake in Generac by 133.6% during the fourth quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after buying an additional 384,434 shares during the period. Finally, Willis Investment Counsel increased its position in shares of Generac by 2.8% in the fourth quarter. Willis Investment Counsel now owns 107,960 shares of the technology company’s stock worth $16,739,000 after acquiring an additional 2,953 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE GNRC opened at $141.74 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The business has a 50 day simple moving average of $159.13 and a 200-day simple moving average of $160.88.

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Robert W. Baird decreased their target price on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays assumed coverage on Generac in a report on Wednesday, December 4th. They set an “equal weight” rating and a $189.00 target price on the stock. Truist Financial decreased their price target on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Finally, Citigroup dropped their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.55.

About Generac

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.