Daiwa Securities Group Inc. Has $322,000 Holdings in Generac Holdings Inc. (NYSE:GNRC)

Daiwa Securities Group Inc. grew its position in Generac Holdings Inc. (NYSE:GNRC) by 20.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,437 shares of the technology company’s stock after purchasing an additional 415 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Generac were worth $322,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GNRC. Capital World Investors bought a new position in shares of Generac during the 4th quarter worth approximately $155,707,000. Norges Bank acquired a new stake in Generac in the fourth quarter worth $67,253,000. Wellington Management Group LLP increased its stake in Generac by 432.9% in the fourth quarter. Wellington Management Group LLP now owns 392,270 shares of the technology company’s stock valued at $50,697,000 after purchasing an additional 318,664 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Generac by 831.1% during the first 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 period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Generac by 23.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 610,100 shares of the technology company’s stock worth $78,854,000 after purchasing an additional 115,728 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Generac Stock Performance

GNRC stock opened at $141.45 on Tuesday. Generac Holdings Inc. has a twelve month low of $79.86 and a twelve month high of $169.57. The business’s fifty day simple moving average is $149.58 and its two-hundred day simple moving average is $139.05. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 1.83 and a beta of 1.38. The company has a quick ratio of 0.99, a current ratio of 2.25 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. The business had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. Analysts predict that Generac Holdings Inc. will post 6.52 earnings per share for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $133.39, for a total value of $666,950.00. Following the completion of the sale, the chief executive officer now owns 577,177 shares of the company’s stock, valued at $76,989,640.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Roth Mkm raised their price objective on Generac from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Robert W. Baird boosted their price target on shares of Generac from $142.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. StockNews.com downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Scotiabank raised their price target on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Generac has a consensus rating of “Hold” and an average target price of $154.71.

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.