Robeco Institutional Asset Management B.V. Invests $3.35 Million in Generac Holdings Inc. (NYSE:GNRC)

Robeco Institutional Asset Management B.V. bought a new stake in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 21,058 shares of the technology company's stock, valued at approximately $3,346,000.

Other hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC lifted its position in Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after acquiring an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock valued at $34,000 after acquiring an additional 220 shares during the period. Blue Trust Inc. increased its position in shares of Generac by 73.5% during the third quarter. Blue Trust Inc. now owns 229 shares of the technology company's stock worth $36,000 after acquiring an additional 97 shares in the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new position in Generac during the second quarter worth about $38,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GNRC has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a research report on Monday, July 29th. Canaccord Genuity Group increased their price target on shares of Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus restated a "buy" rating and set a $175.00 target price (up previously from $145.00) on shares of Generac in a research note on Thursday, August 1st. TD Cowen lifted their target price on Generac from $172.00 to $183.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on Generac from $139.00 to $156.00 and gave the company an "equal weight" rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $169.10.

Generac Stock Performance

Generac stock traded up $2.64 during midday trading on Friday, reaching $189.35. The stock had a trading volume of 852,525 shares, compared to its average volume of 913,033. The firm has a market capitalization of $11.27 billion, a PE ratio of 39.28, a P/E/G ratio of 2.25 and a beta of 1.37. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The firm's 50-day moving average price is $159.83 and its 200 day moving average price is $149.91. Generac Holdings Inc. has a 12 month low of $101.15 and a 12 month high of $190.42.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a return on equity of 16.70% and a net margin of 7.17%. The company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 earnings per share. As a group, research analysts predict that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of Generac stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now directly owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $184.73, for a total value of $5,372,133.13. Following the completion of the sale, the chief financial officer now directly owns 135,613 shares of the company's stock, valued at $25,051,789.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock worth $7,584,853 over the last quarter. Insiders own 2.90% of the company's stock.

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.