KBC Group NV Has $256,000 Stock Position in Generac Holdings Inc. (NYSE:GNRC)

KBC Group NV lifted its holdings in Generac Holdings Inc. (NYSE:GNRC) by 11.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,610 shares of the technology company’s stock after buying an additional 161 shares during the quarter. KBC Group NV’s holdings in Generac were worth $256,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in shares of Generac in the second quarter worth about $98,282,000. International Assets Investment Management LLC lifted its holdings in Generac by 25,311.7% in the 3rd quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company’s stock worth $42,433,000 after purchasing an additional 266,026 shares during the last quarter. Stephens Investment Management Group LLC boosted its position in Generac by 678.5% during the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company’s stock worth $30,560,000 after purchasing an additional 167,641 shares during the period. Blair William & Co. IL grew its holdings in Generac by 29.2% during the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock valued at $60,487,000 after purchasing an additional 103,439 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Generac by 21.4% in the second quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock valued at $55,548,000 after purchasing an additional 74,115 shares during the period. 84.04% of the stock is currently owned by institutional investors.

Generac Stock Performance

Generac stock opened at $179.94 on Wednesday. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The firm has a market capitalization of $10.71 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.23 and a beta of 1.37. The stock has a fifty day moving average price of $164.81 and a two-hundred day moving average price of $152.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion during 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 business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, analysts anticipate that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Wells Fargo & Company lifted their price objective on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Stifel Nicolaus increased their target price on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Stephens reissued an “overweight” rating and issued a $200.00 price objective on shares of Generac in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.05.

Insider Buying and Selling

In related news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm’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 transaction, the executive vice president now owns 10,738 shares in the company, valued at $1,971,282.04. This trade represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at $89,346,790.61. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,268 shares of company stock worth $7,584,853 in the last 90 days. Corporate insiders own 2.90% of the company’s stock.

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.