Voya Investment Management LLC Has $61.43 Million Holdings in Generac Holdings Inc. $GNRC

Voya Investment Management LLC lifted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,955 shares of the technology company’s stock after purchasing an additional 40,146 shares during the quarter. Voya Investment Management LLC’s holdings in Generac were worth $61,428,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GNRC. MassMutual Private Wealth & Trust FSB grew its position in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Generac during the 2nd quarter valued at $25,000. Creative Capital Management Investments LLC grew its holdings in shares of Generac by 740.7% during the 2nd quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Legend Financial Advisors Inc. bought a new position in shares of Generac in the second quarter worth $36,000. Finally, AdvisorShares Investments LLC acquired a new position in Generac in the second quarter valued at about $44,000. 84.04% of the stock is currently owned by institutional investors.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the transaction, the chief executive officer directly owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. The trade was a 0.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GNRC has been the topic of several recent analyst reports. Needham & Company LLC began coverage on shares of Generac in a report on Wednesday, October 22nd. They issued a “buy” rating and a $248.00 target price on the stock. Wall Street Zen cut shares of Generac from a “buy” rating to a “hold” rating in a research note on Sunday, September 28th. Weiss Ratings restated a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Guggenheim reduced their target price on Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Finally, Barclays lifted their price target on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Generac Price Performance

Shares of GNRC opened at $138.80 on Friday. The business has a 50-day simple moving average of $163.09 and a two-hundred day simple moving average of $164.38. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $203.25. The stock has a market cap of $8.14 billion, a PE ratio of 26.44, a PEG ratio of 1.36 and a beta of 1.82. The company has a quick ratio of 1.02, a current ratio of 2.18 and a debt-to-equity ratio of 0.51.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a net margin of 6.92% and a return on equity of 17.63%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business earned $2.25 EPS. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. Analysts anticipate that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.