Robeco Institutional Asset Management B.V. Increases Stake in Generac Holdings Inc. $GNRC

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Generac Holdings Inc. by 47.7%, now owning 39,062 shares valued at $5.59 million as of the latest SEC filing.
• Insider trading activity includes CEO Aaron Jagdfeld selling 5,000 shares on October 1st for approximately $837,100, reducing his ownership by 0.90%.
• Analysts have shown mixed sentiment with 12 Buy ratings and 8 Hold ratings for Generac, while the consensus target price is set at $183.44.

Robeco Institutional Asset Management B.V. increased its holdings in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 47.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,062 shares of the technology company's stock after purchasing an additional 12,611 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of Generac worth $5,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GNRC. Farther Finance Advisors LLC lifted its stake in shares of Generac by 83.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the technology company's stock valued at $139,000 after acquiring an additional 501 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Generac by 4.9% in the first quarter. Integrated Advisors Network LLC now owns 2,868 shares of the technology company's stock valued at $363,000 after purchasing an additional 134 shares during the last quarter. CX Institutional bought a new stake in Generac in the first quarter valued at approximately $185,000. Azzad Asset Management Inc. ADV purchased a new stake in shares of Generac during the first quarter valued at approximately $2,000,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Generac by 151.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the technology company's stock worth $2,365,000 after buying an additional 11,252 shares during the period. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total value of $837,100.00. Following the sale, the chief executive officer owned 547,966 shares in the company, valued at $91,740,467.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

GNRC has been the subject of several recent analyst reports. Roth Capital upped their price objective on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on Generac from $195.00 to $210.00 and gave the company a "buy" rating in a report on Thursday, July 31st. TD Cowen upped their price target on Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Finally, Canaccord Genuity Group reduced their target price on Generac from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Twelve analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $183.44.

Generac Stock Performance

Shares of Generac stock opened at $164.26 on Tuesday. Generac Holdings Inc. has a 12 month low of $99.50 and a 12 month high of $203.25. The firm has a market capitalization of $9.64 billion, a P/E ratio of 27.29, a P/E/G ratio of 1.32 and a beta of 1.64. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $183.99 and a two-hundred day simple moving average of $147.94.

Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $1.35 EPS. Generac's quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Generac 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.

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