ING Groep NV Buys Shares of 2,783 Generac Holdings Inc. (NYSE:GNRC)

ING Groep NV purchased a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,783 shares of the technology company's stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. boosted its holdings in shares of Generac by 2.4% in the second quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company's stock valued at $388,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. boosted its stake in shares of Generac by 0.3% during the second quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company's stock valued at $2,981,000 after acquiring an additional 75 shares during the last quarter. EntryPoint Capital LLC boosted its stake in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Generac by 6.5% during the third quarter. Mather Group LLC. now owns 1,528 shares of the technology company's stock valued at $243,000 after acquiring an additional 93 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Generac by 2.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,427 shares of the technology company's stock valued at $558,000 after acquiring an additional 94 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now directly owns 557,177 shares of the company's stock, valued at $92,825,688.20. The trade was a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO York A. Ragen sold 29,081 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,268 shares of company stock valued at $7,584,853 in the last three months. Corporate insiders own 2.90% of the company's stock.

Generac Stock Up 0.1 %

Shares of GNRC traded up $0.12 during trading on Monday, reaching $181.94. The company's stock had a trading volume of 932,145 shares, compared to its average volume of 956,488. The company has a fifty day moving average of $164.01 and a two-hundred day moving average of $151.96. Generac Holdings Inc. has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.23 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.27. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $1.64 EPS. Generac's revenue for the quarter was up 9.6% on a year-over-year basis. On average, sell-side analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on GNRC shares. Canaccord Genuity Group raised their price target on Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus reissued a "buy" rating and issued a $175.00 price target (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. Northland Securities raised their price target on Generac from $160.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. StockNews.com raised Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company raised their price target on Generac from $139.00 to $156.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $172.21.

Generac Company 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.