Ninety One UK Ltd Has $61.63 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Ninety One UK Ltd raised its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 476,897 shares of the technology company's stock after purchasing an additional 56,169 shares during the period. Ninety One UK Ltd owned about 0.78% of Generac worth $61,634,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GNRC. Headlands Technologies LLC purchased a new position in Generac during the third quarter worth about $28,000. BKM Wealth Management LLC purchased a new position in Generac during the fourth quarter worth approximately $28,000. Castleview Partners LLC acquired a new position in shares of Generac in the 1st quarter valued at $30,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Generac during the 1st quarter valued at $35,000. Finally, ORG Partners LLC acquired a new stake in shares of Generac during the 4th quarter worth $38,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $126.94, for a total transaction of $634,700.00. Following the sale, the chief executive officer now directly owns 592,177 shares in the company, valued at approximately $75,170,948.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is owned by insiders.

Generac Stock Performance

Shares of Generac stock traded up $3.23 during trading hours on Thursday, reaching $133.48. The company's stock had a trading volume of 1,652,820 shares, compared to its average volume of 1,028,307. The company's 50 day simple moving average is $120.92 and its 200 day simple moving average is $115.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27. Generac Holdings Inc. has a one year low of $79.86 and a one year high of $156.95. The stock has a market cap of $8.04 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. Generac had a return on equity of 14.15% and a net margin of 5.33%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 earnings per share. As a group, analysts expect that Generac Holdings Inc. will post 6.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on GNRC. Citigroup raised their price objective on Generac from $124.00 to $128.00 and gave the stock a "neutral" rating in a report on Monday, February 12th. Canaccord Genuity Group increased their price objective on shares of Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. UBS Group reduced their target price on shares of Generac from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, February 15th. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Guggenheim lowered Generac from a "buy" rating to a "neutral" rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $140.80.

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.