Boston Partners Has $234.69 Million Holdings in Generac Holdings Inc. (NYSE:GNRC)

Key Points

• Boston Partners reduced its stake in Generac Holdings by 2.6%, now holding approximately 1.85 million shares valued at $234.69 million.
• Generac reported a quarterly earnings per share (EPS) of $1.65, exceeding expectations, with revenue of $1.06 billion, a 6.3% increase year-over-year.
• Research analysts have varied opinions on Generac, with 14 buy ratings and an average price target of $170.06; however, some analysts have downgraded their ratings recently.

Boston Partners lessened its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,853,666 shares of the technology company's stock after selling 49,631 shares during the period. Boston Partners owned about 3.14% of Generac worth $234,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Generac during the 1st quarter valued at about $28,000. Private Trust Co. NA grew its stake in Generac by 42.9% during the 1st quarter. Private Trust Co. NA now owns 300 shares of the technology company's stock valued at $38,000 after acquiring an additional 90 shares in the last quarter. Ostrum Asset Management purchased a new position in Generac during the 4th quarter valued at about $50,000. New Age Alpha Advisors LLC purchased a new position in Generac during the 1st quarter valued at about $54,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Generac by 1,525.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 585 shares of the technology company's stock valued at $74,000 after acquiring an additional 549 shares in the last quarter. Institutional investors and hedge funds own 84.04% of the company's stock.

Generac Stock Up 2.0%

GNRC opened at $202.86 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The business has a 50 day moving average price of $153.58 and a 200 day moving average price of $136.71. The firm has a market cap of $11.90 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. Generac Holdings Inc. has a twelve month low of $99.50 and a twelve month high of $203.25.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.33 by $0.32. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 EPS. Research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Analyst Ratings Changes

GNRC has been the subject of several research reports. TD Cowen lifted their price target on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $56.00 to $68.00 in a report on Monday. Citigroup upgraded Generac from a "neutral" rating to a "mixed" rating in a report on Friday, July 11th. Robert W. Baird reduced their price target on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus price target of $170.06.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by corporate insiders.

About Generac

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.

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