RB Capital Management LLC Reduces Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

RB Capital Management LLC cut its holdings in shares of Generac Holdings Inc. (NYSE:GNRC) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,977 shares of the technology company’s stock after selling 116 shares during the period. RB Capital Management LLC’s holdings in Generac were worth $1,426,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GNRC. Empirical Finance LLC raised its stake in Generac by 4.1% during the 3rd quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock valued at $268,000 after purchasing an additional 66 shares during the period. Duncker Streett & Co. Inc. increased its position in shares of Generac by 2.4% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 2,932 shares of the technology company’s stock valued at $388,000 after purchasing an additional 68 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in Generac by 0.3% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 22,549 shares of the technology company’s stock valued at $2,981,000 after acquiring an additional 75 shares during the period. Nicollet Investment Management Inc. raised its position in shares of Generac by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after acquiring an additional 82 shares in the last quarter. Finally, Mather Group LLC. raised its position in shares of Generac by 6.5% in the 3rd quarter. Mather Group LLC. now owns 1,528 shares of the technology company’s stock worth $243,000 after acquiring an additional 93 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. TD Cowen increased their price objective on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Roth Mkm increased their price target on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Piper Sandler increased their price target on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Truist Financial increased their price target on Generac from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.30.

Generac Trading Down 1.3 %

NYSE:GNRC opened at $176.83 on Tuesday. The firm has a market cap of $10.52 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 2.18 and a beta of 1.39. The stock has a fifty day moving average price of $176.57 and a 200 day moving average price of $156.85. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The company 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%. Generac’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.64 EPS. Sell-side analysts anticipate that Generac Holdings Inc. will post 6.84 earnings per share for the current fiscal year.

Insider Transactions at Generac

In related news, CFO York A. Ragen sold 29,081 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total value of $5,372,133.13. Following the sale, the chief financial officer now owns 135,613 shares in the company, valued at $25,051,789.49. This represents a 17.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total value of $585,069.46. Following the completion of the sale, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,268 shares of company stock worth $7,584,853. 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.