Generac Holdings Inc. (NYSE:GNRC) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 498.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,121 shares of the technology company’s stock after buying an additional 105,063 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Generac were worth $19,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of GNRC. Susquehanna Fundamental Investments LLC acquired a new position in shares of Generac in the second quarter valued at about $539,000. Creative Planning increased its holdings in shares of Generac by 2.9% in the second quarter. Creative Planning now owns 28,842 shares of the technology company’s stock valued at $3,813,000 after purchasing an additional 819 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Quarry LP increased its holdings in shares of Generac by 100.6% in the second quarter. Quarry LP now owns 323 shares of the technology company’s stock valued at $43,000 after purchasing an additional 162 shares during the period. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Generac by 2.6% in the second quarter. B. Riley Wealth Advisors Inc. now owns 4,544 shares of the technology company’s stock worth $601,000 after buying an additional 117 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

NYSE GNRC opened at $149.27 on Friday. The company has a market cap of $8.88 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.50 and a beta of 1.42. The stock’s 50 day simple moving average is $164.75 and its 200-day simple moving average is $161.38. Generac Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.27. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 earnings per share. As a group, equities research analysts anticipate that Generac Holdings Inc. will post 6.91 EPS for the current fiscal year.

Analysts Set New Price Targets

GNRC has been the topic of a number of recent research reports. Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird lowered their target price on Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Piper Sandler upped their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upped their target price on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen upped their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac presently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Insider Activity

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares of the company’s stock, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at approximately $25,051,789.49. This trade represents a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,268 shares of company stock worth $6,744,703 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

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.