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Principal Financial Group Inc. Purchases 20,270 Shares of Generac Holdings Inc. $GNRC
Principal Financial Group Inc. increased its stake in Generac Holdings Inc. by 30.5% in the third quarter, acquiring an additional 20,270 shares to own a total of 86,623 shares valued at approximately $14.5 million. Generac Holdings currently holds a “Moderate Buy” consensus rating from analysts with an average target price of $195.29, and its stock is trading near $185.93. The company, a leading manufacturer of backup power generation products, has shown recent strength, trading above its 50-day and 200-day moving averages.