Keystone Investors PTE Ltd. Invests $232,000 in Generac Holdings Inc. (NYSE:GNRC)

Keystone Investors PTE Ltd. acquired a new position in Generac Holdings Inc. (NYSE:GNRC) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,496 shares of the technology company’s stock, valued at approximately $232,000.

Several other large investors also recently bought and sold shares of the business. Raymond James Trust N.A. grew its holdings in Generac by 52.8% during the 3rd quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after purchasing an additional 1,177 shares during the last quarter. Nordea Investment Management AB purchased a new position in Generac during the 4th quarter valued at about $5,229,000. Global Financial Private Client LLC bought a new stake in Generac during the 4th quarter valued at $614,000. Franklin Resources Inc. boosted its position in shares of Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after purchasing an additional 14,811 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its holdings in shares of Generac by 54.1% during the third quarter. Glenmede Trust Co. NA now owns 11,984 shares of the technology company’s stock valued at $1,904,000 after buying an additional 4,209 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Bank of America began coverage on shares of Generac in a report on Monday. They issued a “buy” rating and a $182.00 target price on the stock. The Goldman Sachs Group reduced their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Robert W. Baird decreased their target price on Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup reduced their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.38.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

Generac Trading Up 4.6 %

Shares of NYSE GNRC opened at $137.61 on Tuesday. The company has a market cap of $8.20 billion, a PE ratio of 25.48, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 1-year low of $115.76 and a 1-year high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $142.95 and a two-hundred day moving average of $158.07.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates 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 analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.