Robeco Schweiz AG Sells 18,827 Shares of Generac Holdings Inc. $GNRC

Key Points

• Robeco Schweiz AG reduced its Generac stake by 3.9%, selling 18,827 shares and retaining 462,782 shares valued at approximately $95.8 million. Institutional investors collectively own 84.04% of Generac.
• Generac reported quarterly earnings of $2.91 per share, beating expectations of $2.01, while revenue rose 10.3% year over year to $1.17 billion, slightly below estimates.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $289.45, well above its reported $187.21 share price.

Robeco Schweiz AG cut its stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 462,782 shares of the technology company's stock after selling 18,827 shares during the period. Generac makes up approximately 1.8% of Robeco Schweiz AG's investment portfolio, making the stock its 17th largest holding. Robeco Schweiz AG owned about 0.78% of Generac worth $95,773,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Generac during the second quarter worth about $1,170,960,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Generac by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,038,493 shares of the technology company's stock valued at $202,849,000 after acquiring an additional 86,863 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Generac by 19.7% in the 1st quarter. Bank of America Corp DE now owns 742,576 shares of the technology company's stock valued at $145,047,000 after acquiring an additional 122,101 shares during the last quarter. Diamant Asset Management Inc. raised its position in shares of Generac by 19,433.0% in the 1st quarter. Diamant Asset Management Inc. now owns 666,075 shares of the technology company's stock valued at $130,104,000 after acquiring an additional 662,665 shares during the period. Finally, Park Presidio Capital LLC acquired a new stake in shares of Generac in the 2nd quarter valued at approximately $158,140,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC stock opened at $187.21 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 2.04. Generac Holdings Inc. has a 52 week low of $134.80 and a 52 week high of $296.44. The company's 50 day moving average price is $200.21 and its two-hundred day moving average price is $226.82. The company has a market capitalization of $11.05 billion, a P/E ratio of 43.14, a price-to-earnings-growth ratio of 1.60 and a beta of 1.91.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The business's quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts expect that Generac Holdings Inc. will post 9.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Generac from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Stifel Nicolaus upped their target price on shares of Generac from $285.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. KeyCorp upgraded shares of Generac from a "sector weight" rating to an "overweight" rating and set a $280.00 target price on the stock in a report on Thursday, October 8th. Cantor Fitzgerald reduced their price target on shares of Generac from $333.00 to $297.00 and set an "overweight" rating on the stock in a research report on Monday, October 5th. Finally, Roth Capital lifted their price target on shares of Generac from $214.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $289.45.

Insider Activity at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated 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 sale, the chief executive officer owned 544,528 shares of the company's stock, valued at $112,172,768. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Norman P. Taffe sold 150 shares of Generac stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $220.00, for a total value of $33,000.00. Following the completion of the sale, the insider directly owned 10,976 shares in the company, valued at $2,414,720. This represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 18,442 shares of company stock valued at $3,656,537. 2.40% of the stock is owned by corporate insiders.

Generac Company 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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