Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in Generac Holdings Inc. (NYSE:GNRC) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,116 shares of the technology company’s stock after purchasing an additional 1,692 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Generac were worth $952,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Modus Advisors LLC acquired a new position in Generac in the 4th quarter valued at $27,000. Versant Capital Management Inc increased its stake in shares of Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Generac during the fourth quarter worth about $28,000. Brooklyn Investment Group acquired a new stake in Generac in the third quarter valued at about $31,000. Finally, SouthState Corp acquired a new stake in Generac in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on GNRC shares. Robert W. Baird cut their target price on Generac from $187.00 to $181.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Roth Mkm increased their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Truist Financial decreased their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Citigroup cut their price target on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, TD Cowen boosted their price objective on shares of Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $173.55.

Generac Trading Down 2.3 %

Shares of GNRC stock opened at $141.74 on Wednesday. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.44 and a beta of 1.42. 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 firm has a 50-day moving average price of $159.13 and a 200 day moving average price of $160.88. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.90% of the company’s stock.

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.