Livforsakringsbolaget Skandia Omsesidigt Makes New $136,000 Investment in Generac Holdings Inc. (NYSE:GNRC)


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Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 600 shares of the technology company’s stock, valued at approximately $136,000.

Other institutional investors have also bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of Generac by 8.8% during the 3rd quarter. Morgan Stanley now owns 234,256 shares of the technology company’s stock worth $45,361,000 after buying an additional 18,909 shares in the last quarter. West Oak Capital LLC boosted its holdings in shares of Generac by 2,155.0% during the 4th quarter. West Oak Capital LLC now owns 2,255 shares of the technology company’s stock worth $513,000 after buying an additional 2,155 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Generac by 8.5% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 128,420 shares of the technology company’s stock worth $29,204,000 after buying an additional 10,008 shares in the last quarter. Flputnam Investment Management Co. boosted its holdings in shares of Generac by 3.1% during the 4th quarter. Flputnam Investment Management Co. now owns 29,541 shares of the technology company’s stock worth $6,718,000 after buying an additional 878 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Generac in the 4th quarter worth $204,000. Hedge funds and other institutional investors own 90.44% of the company’s stock.

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $329.85, for a total transaction of $1,649,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Russell S. Minick sold 28,098 shares of Generac stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $335.42, for a total value of $9,424,631.16. Insiders have sold a total of 39,480 shares of company stock worth $13,322,515 over the last quarter. Company insiders own 2.90% of the company’s stock.

GNRC has been the topic of a number of recent research reports. Roth Capital increased their target price on Generac from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Oppenheimer increased their target price on Generac from $235.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $380.00 target price on the stock in a report on Wednesday, February 17th. Stephens increased their target price on Generac from $260.00 to $330.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. Finally, JPMorgan Chase & Co. cut their target price on Generac from $366.00 to $340.00 and set an “overweight” rating on the stock in a report on Monday, March 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $319.33.

NYSE GNRC opened at $326.02 on Thursday. Generac Holdings Inc. has a 12 month low of $89.74 and a 12 month high of $364.00. The firm has a market capitalization of $20.49 billion, a P/E ratio of 70.26, a PEG ratio of 5.28 and a beta of 0.91. The business has a fifty day simple moving average of $323.65 and a 200 day simple moving average of $252.23. The company has a current ratio of 2.66, a quick ratio of 1.70 and a debt-to-equity ratio of 0.68.

Generac (NYSE:GNRC) last released its earnings results on Thursday, February 11th. The technology company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.96 by $0.16. The company had revenue of $761.08 million for the quarter, compared to analysts’ expectations of $725.77 million. Generac had a return on equity of 34.03% and a net margin of 12.75%. As a group, sell-side analysts predict that Generac Holdings Inc. will post 6.32 EPS for the current fiscal year.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel; and batteries and inverters.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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