Robeco Schweiz AG cut its holdings in Generac Holdings Inc. (NYSE:GNRC – Free Report) by 3.9% during the third quarter, Holdings Channel.com reports. The firm owned 462,782 shares of the technology company’s stock after selling 18,827 shares during the quarter. Generac accounts for about 1.8% of Robeco Schweiz AG’s portfolio, making the stock its 17th biggest position. Robeco Schweiz AG’s holdings in Generac were worth $95,773,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. N.E.W. Advisory Services LLC acquired a new position in Generac during the second quarter worth $25,000. Avalon Trust Co acquired a new stake in shares of Generac in the first quarter valued at about $32,000. Essential Partners LLC increased its position in shares of Generac by 57.0% in the first quarter. Essential Partners LLC now owns 168 shares of the technology company’s stock valued at $33,000 after acquiring an additional 61 shares during the last quarter. GHP Investment Advisors Inc. bought a new stake in Generac during the first quarter worth about $36,000. Finally, Root Financial Partners LLC raised its holdings in Generac by 32.9% during the first quarter. Root Financial Partners LLC now owns 218 shares of the technology company’s stock worth $43,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.
Insider Activity at Generac
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $206.00, for a total value of $1,030,000.00. Following the transaction, the chief executive officer directly owned 544,528 shares of the company’s stock, valued at $112,172,768. This represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman Taffe sold 150 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $220.00, for a total value of $33,000.00. Following the transaction, the insider owned 10,976 shares in the company, valued at $2,414,720. The trade was a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,442 shares of company stock worth $3,656,537 in the last ninety days. 2.40% of the stock is owned by company insiders.
Generac Trading Down 0.4%
Shares of NYSE:GNRC opened at $187.21 on Friday. Generac Holdings Inc. has a 12-month low of $134.80 and a 12-month high of $296.44. The business has a 50 day moving average of $200.21 and a 200-day moving average of $226.82. The company has a quick ratio of 1.00, a current ratio of 2.04 and a debt-to-equity ratio of 0.43. The stock has a market cap of $11.05 billion, a PE ratio of 43.14, a P/E/G ratio of 1.60 and a beta of 1.91.
Generac (NYSE:GNRC – Get Free Report) last announced its earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.90. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Generac had a return on equity of 17.83% and a net margin of 5.82%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 earnings per share. As a group, equities research analysts forecast that Generac Holdings Inc. will post 9.74 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently commented on GNRC. Raymond James Financial set a $286.00 price target on Generac in a research report on Thursday, September 17th. UBS Group reaffirmed a “buy” rating on shares of Generac in a research report on Friday, September 25th. Robert W. Baird set a $305.00 price objective on Generac in a research note on Thursday, July 30th. Cantor Fitzgerald dropped their price objective on Generac from $333.00 to $297.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Finally, Stephens reissued an “overweight” rating and issued a $335.00 price objective on shares of Generac in a report on Thursday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Generac presently has an average rating of “Moderate Buy” and an average target price of $289.45.
View Our Latest Stock Report on GNRC
Generac Profile
Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.
The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.
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