KBC Group NV Decreases Stake in Generac Holdings Inc. $GNRC

KBC Group NV cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 32.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,580 shares of the technology company’s stock after selling 776 shares during the quarter. KBC Group NV’s holdings in Generac were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GNRC. Teachers Retirement System of The State of Kentucky grew its position in shares of Generac by 2.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 5,167 shares of the technology company’s stock valued at $654,000 after purchasing an additional 110 shares in the last quarter. PFG Advisors boosted its stake in Generac by 42.6% during the first quarter. PFG Advisors now owns 3,596 shares of the technology company’s stock worth $455,000 after buying an additional 1,074 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Generac in the 1st quarter valued at $1,150,000. Nvwm LLC increased its stake in shares of Generac by 3.0% in the 1st quarter. Nvwm LLC now owns 3,451 shares of the technology company’s stock worth $437,000 after acquiring an additional 99 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in shares of Generac by 8.8% in the 1st quarter. Empirical Finance LLC now owns 1,833 shares of the technology company’s stock worth $232,000 after acquiring an additional 148 shares during the last quarter. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

NYSE:GNRC opened at $142.61 on Wednesday. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $203.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.88 and a current ratio of 2.18. The company has a 50 day moving average price of $172.83 and a 200 day moving average price of $160.21. The stock has a market capitalization of $8.37 billion, a P/E ratio of 27.16, a PEG ratio of 1.53 and a beta of 1.69.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. Generac has set its FY 2025 guidance at EPS. Equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of Generac from a “hold” rating to a “strong sell” rating in a research report on Friday, October 17th. Guggenheim decreased their target price on shares of Generac from $210.00 to $202.00 and set a “buy” rating on the stock in a report on Thursday, October 9th. Canaccord Genuity Group reissued a “buy” rating and issued a $240.00 price target on shares of Generac in a research note on Thursday, October 30th. TD Cowen lifted their price target on shares of Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Generac has an average rating of “Moderate Buy” and a consensus target price of $191.06.

Insider Transactions at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the completion of the transaction, the chief executive officer directly owned 542,966 shares in the company, valued at $90,365,831.38. This trade represents a 0.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders sold 15,000 shares of company stock worth $2,575,300. 2.70% of the stock is currently owned by corporate insiders.

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.