Robeco Institutional Asset Management B.V. Has $1.06 Million Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Posted by on May 6th, 2023

Robeco Institutional Asset Management B.V. cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,522 shares of the technology company’s stock after selling 736 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Generac were worth $1,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ronald Blue Trust Inc. raised its position in shares of Generac by 552.6% during the third quarter. Ronald Blue Trust Inc. now owns 124 shares of the technology company’s stock worth $26,000 after purchasing an additional 105 shares during the period. MinichMacGregor Wealth Management LLC acquired a new position in Generac during the fourth quarter valued at $27,000. Ameliora Wealth Management Ltd. acquired a new position in Generac during the third quarter valued at $29,000. Exos TFP Holdings LLC acquired a new position in Generac during the third quarter valued at $30,000. Finally, Glassman Wealth Services raised its position in Generac by 568.2% during the fourth quarter. Glassman Wealth Services now owns 294 shares of the technology company’s stock valued at $30,000 after buying an additional 250 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

Generac Price Performance

Shares of NYSE:GNRC opened at $114.18 on Friday. The business has a 50 day moving average price of $109.26 and a 200 day moving average price of $108.85. Generac Holdings Inc. has a twelve month low of $86.29 and a twelve month high of $299.85. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.93 and a beta of 1.16. The company has a quick ratio of 0.78, a current ratio of 2.40 and a debt-to-equity ratio of 0.65.

Generac (NYSE:GNRC – Get Rating) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Generac had a return on equity of 19.63% and a net margin of 6.91%. The firm had revenue of $887.90 million during the quarter, compared to the consensus estimate of $850.07 million. During the same quarter in the prior year, the company earned $2.09 EPS. The firm’s revenue for the quarter was down 21.8% compared to the same quarter last year. Research analysts predict that Generac Holdings Inc. will post 5.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GNRC has been the topic of several recent analyst reports. StockNews.com lowered Generac from a “hold” rating to a “sell” rating in a research report on Thursday. Guggenheim lowered Generac from a “buy” rating to a “neutral” rating in a research report on Friday, February 3rd. Truist Financial dropped their price target on Generac from $145.00 to $120.00 in a research report on Monday, May 1st. Janney Montgomery Scott downgraded Generac from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 21st. Finally, UBS Group lowered their target price on Generac from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, February 16th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Generac currently has a consensus rating of “Hold” and a consensus price target of $180.17.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 45,207 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $119.37, for a total transaction of $5,396,359.59. Following the completion of the sale, the chief executive officer now owns 615,269 shares in the company, valued at approximately $73,444,660.53. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 55,207 shares of company stock worth $6,454,560 in the last 90 days. 2.80% of the stock is owned by company insiders.

About Generac

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Generac Holdings, Inc engages in the business of designing and manufacturing energy technology solutions. It operates under the Domestic and International segments. The Domestic segment includes the legacy Generac business and the acquisitions that are based in the United States and Canada. The International segment focuses on Generac business’ Latin American export operations.

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Institutional Ownership by Quarter for Generac (NYSE:GNRC)

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