Natixis Advisors LLC Buys 5,286 Shares of Generac Holdings Inc. (NYSE:GNRC)

Natixis Advisors LLC increased its stake in shares of Generac Holdings Inc. (NYSE:GNRC) by 36.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,813 shares of the technology company’s stock after acquiring an additional 5,286 shares during the period. Natixis Advisors LLC’s holdings in Generac were worth $3,148,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Nicollet Investment Management Inc. raised its stake 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 valued at $1,250,000 after purchasing an additional 82 shares during the period. Empirical Finance LLC grew its holdings in shares of Generac by 4.1% during the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after buying an additional 66 shares in the last quarter. CIBC Asset Management Inc boosted its position in Generac by 7.4% during the 3rd quarter. CIBC Asset Management Inc now owns 8,401 shares of the technology company’s stock worth $1,335,000 after acquiring an additional 579 shares during the last quarter. ING Groep NV bought a new position in shares of Generac during the 3rd quarter worth approximately $442,000. Finally, Huntington National Bank raised its holdings in shares of Generac by 1,145.7% in the third quarter. Huntington National Bank now owns 436 shares of the technology company’s stock valued at $69,000 after purchasing an additional 401 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO York A. Ragen sold 29,081 shares of Generac 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 transaction, the chief financial officer now directly owns 135,613 shares of the company’s stock, valued at $25,051,789.49. The trade was a 17.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rajendra Kumar Kanuru sold 3,187 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $1,971,282.04. This represents a 22.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,268 shares of company stock valued at $7,584,853 in the last ninety days. 2.90% of the stock is currently owned by insiders.

Generac Stock Performance

Shares of Generac stock opened at $189.08 on Friday. The company has a 50 day moving average of $168.12 and a 200-day moving average of $153.44. The company has a market cap of $11.25 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 2.25 and a beta of 1.37. 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 Holdings Inc. has a 1-year low of $108.89 and a 1-year high of $195.94.

Generac (NYSE:GNRC) last posted its earnings results on Thursday, October 31st. The technology company reported $2.25 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 quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $1.64 earnings per share. As a group, equities research analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company raised their price objective on Generac from $139.00 to $156.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Northland Securities raised their price target on Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm upped their price objective on Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Canaccord Genuity Group lifted their price objective on shares of Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Piper Sandler lifted their target price on Generac from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Generac currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.58.

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.