ING Groep NV Buys 2,516 Shares of Generac Holdings Inc. (NYSE:GNRC)

ING Groep NV grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,299 shares of the technology company's stock after purchasing an additional 2,516 shares during the quarter. ING Groep NV's holdings in Generac were worth $822,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in Generac in the fourth quarter valued at approximately $31,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Generac during the 4th quarter valued at $1,439,000. Venturi Wealth Management LLC grew its stake in shares of Generac by 42.0% during the 4th quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company's stock worth $44,000 after acquiring an additional 84 shares during the period. D.A. Davidson & CO. increased its holdings in Generac by 3.7% in the 4th quarter. D.A. Davidson & CO. now owns 9,082 shares of the technology company's stock worth $1,408,000 after acquiring an additional 328 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Generac by 6.7% in the 4th quarter. Truist Financial Corp now owns 13,481 shares of the technology company's stock valued at $2,090,000 after acquiring an additional 847 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Price Performance

GNRC traded down $0.20 during trading on Friday, reaching $136.04. The stock had a trading volume of 732,386 shares, compared to its average volume of 855,945. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The business has a 50-day moving average of $151.41 and a 200-day moving average of $160.24. Generac Holdings Inc. has a one year low of $109.90 and a one year high of $195.94. The stock has a market cap of $8.11 billion, a PE ratio of 25.19, a PEG ratio of 1.44 and a beta of 1.42.

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Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares of the company's stock, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Piper Sandler reduced their target price on shares of Generac from $185.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. TD Cowen boosted their target price on shares of Generac from $172.00 to $183.00 and gave the company a "buy" rating in a report on Friday, November 1st. Robert W. Baird cut their price target on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Finally, UBS Group boosted their price objective on Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $174.00.

Generac Profile

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.