Generac Holdings Inc. (NYSE:GNRC) Shares Purchased by Boston Partners

Boston Partners raised its stake in Generac Holdings Inc. (NYSE:GNRC) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,903,297 shares of the technology company’s stock after buying an additional 533,612 shares during the period. Boston Partners’ holdings in Generac were worth $295,123,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Generac by 5.0% in the third quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after acquiring an additional 3,426 shares during the last quarter. Sigma Planning Corp bought a new stake in Generac during the 3rd quarter worth about $207,000. Apollon Wealth Management LLC acquired a new position in shares of Generac during the 3rd quarter worth about $202,000. Oppenheimer Asset Management Inc. grew its stake in Generac by 181.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,650 shares of the technology company’s stock valued at $1,692,000 after buying an additional 6,872 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Generac by 11.1% during the 3rd quarter. KBC Group NV now owns 1,610 shares of the technology company’s stock worth $256,000 after purchasing an additional 161 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Performance

Shares of GNRC stock opened at $132.62 on Tuesday. The stock has a fifty day moving average price of $145.50 and a 200 day moving average price of $158.67. The stock has a market cap of $7.91 billion, a PE ratio of 24.56, a P/E/G ratio of 1.44 and a beta of 1.50. Generac Holdings Inc. has a 1 year low of $110.86 and a 1 year high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Sell-side analysts forecast that Generac Holdings Inc. will post 8 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the sale, the chief executive officer now owns 570,825 shares in the company, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

GNRC has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. UBS Group raised their price target on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Truist Financial dropped their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler lowered their price objective on shares of Generac from $185.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $174.00.

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.