KBC Group NV Decreases Position in Generac Holdings Inc. $GNRC

KBC Group NV decreased its holdings in Generac Holdings Inc. (NYSE:GNRC) by 32.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,580 shares of the technology company’s stock after selling 776 shares during the period. KBC Group NV’s holdings in Generac were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GNRC. New York Life Investment Management LLC boosted its holdings in Generac by 0.7% in the second quarter. New York Life Investment Management LLC now owns 7,924 shares of the technology company’s stock valued at $1,135,000 after purchasing an additional 58 shares during the period. Pine Haven Investment Counsel Inc raised its position in Generac by 2.7% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,861 shares of the technology company’s stock valued at $410,000 after purchasing an additional 75 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after buying an additional 77 shares during the period. Covestor Ltd grew its position in shares of Generac by 16.2% during the first quarter. Covestor Ltd now owns 596 shares of the technology company’s stock worth $75,000 after buying an additional 83 shares in the last quarter. Finally, Fiduciary Alliance LLC grew its position in shares of Generac by 4.1% during the second quarter. Fiduciary Alliance LLC now owns 2,259 shares of the technology company’s stock worth $324,000 after buying an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research downgraded shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Friday, October 17th. TD Cowen raised their price objective on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Roth Capital set a $184.00 price objective on shares of Generac and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $240.00 price target on shares of Generac in a research note on Thursday, October 30th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $191.06.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the transaction, the chief executive officer owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 15,000 shares of company stock valued at $2,575,300. 2.70% of the stock is owned by corporate insiders.

Generac Trading Up 1.5%

NYSE GNRC opened at $142.61 on Wednesday. The firm’s fifty day moving average price is $172.83 and its 200 day moving average price is $160.21. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.18 and a quick ratio of 0.88. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.20 billion. Generac had a net margin of 6.92% and a return on equity of 17.63%. The business’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. Generac has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

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.