KBC Group NV lowered its position in shares of Generac Holdings Inc. (NYSE:GNRC – Get Rating) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,272 shares of the technology company's stock after selling 107 shares during the quarter. KBC Group NV's holdings in Generac were worth $761,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Montag A & Associates Inc. acquired a new position in shares of Generac in the 2nd quarter valued at about $25,000. Ronald Blue Trust Inc. boosted its stake in Generac by 552.6% in the third quarter. Ronald Blue Trust Inc. now owns 124 shares of the technology company's stock valued at $26,000 after acquiring an additional 105 shares during the period. Clear Street Markets LLC grew its holdings in shares of Generac by 411.5% during the second quarter. Clear Street Markets LLC now owns 133 shares of the technology company's stock valued at $28,000 after purchasing an additional 107 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Generac during the 2nd quarter worth approximately $29,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Generac in the 3rd quarter worth approximately $29,000. Institutional investors own 88.71% of the company's stock.
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Generac Price Performance
NYSE GNRC opened at $122.44 on Monday. The company has a current ratio of 2.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.55. Generac Holdings Inc. has a 1 year low of $86.29 and a 1 year high of $329.50. The company has a market cap of $7.76 billion, a PE ratio of 18.41, a PEG ratio of 1.68 and a beta of 1.19. The stock's 50-day moving average price is $103.89 and its two-hundred day moving average price is $155.75.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on GNRC shares. Cowen lowered their price objective on Generac from $179.00 to $157.00 in a research note on Thursday, November 3rd. Truist Financial dropped their price objective on shares of Generac from $225.00 to $170.00 and set a "buy" rating on the stock in a report on Tuesday, October 25th. Oppenheimer reduced their target price on shares of Generac from $135.00 to $115.00 in a research note on Thursday, December 8th. Jefferies Financial Group cut Generac from a "hold" rating to an "underperform" rating and cut their price target for the company from $95.00 to $85.00 in a report on Tuesday, November 29th. Finally, Stifel Nicolaus decreased their price objective on Generac from $150.00 to $98.00 and set a "hold" rating for the company in a report on Tuesday, December 13th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $226.05.
Insider Transactions at Generac
In other news, Director Robert D. Dixon purchased 2,000 shares of Generac stock in a transaction that occurred on Monday, December 5th. The stock was acquired at an average price of $97.27 per share, for a total transaction of $194,540.00. Following the transaction, the director now owns 8,895 shares in the company, valued at $865,216.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.
Generac Profile
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Generac Holdings, Inc engages in the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the U.S. and Canada.
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