Erste Asset Management GmbH Invests $577,000 in Generac Holdings Inc. (NYSE:GNRC)

Erste Asset Management GmbH acquired a new position in Generac Holdings Inc. (NYSE:GNRC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,725 shares of the technology company's stock, valued at approximately $577,000.

A number of other institutional investors have also made changes to their positions in the business. William Blair Investment Management LLC bought a new position in shares of Generac in the second quarter valued at approximately $98,282,000. The Manufacturers Life Insurance Company raised its stake in shares of Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company's stock valued at $88,944,000 after acquiring an additional 299,205 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Generac in the third quarter valued at approximately $45,722,000. International Assets Investment Management LLC raised its stake in shares of Generac by 25,311.7% in the third quarter. International Assets Investment Management LLC now owns 267,077 shares of the technology company's stock valued at $42,433,000 after acquiring an additional 266,026 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its stake in shares of Generac by 678.5% in the third quarter. Stephens Investment Management Group LLC now owns 192,349 shares of the technology company's stock valued at $30,560,000 after acquiring an additional 167,641 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

Generac Price Performance

Shares of GNRC stock traded down $2.57 during mid-day trading on Thursday, hitting $180.00. The company had a trading volume of 567,267 shares, compared to its average volume of 936,785. Generac Holdings Inc. has a 52-week low of $108.89 and a 52-week high of $195.94. The stock's 50 day moving average price is $175.16 and its 200-day moving average price is $156.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96. The company has a market capitalization of $10.71 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.29 and a beta of 1.39.

Generac (NYSE:GNRC - Get Free Report) last released its earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.98 by $0.27. Generac had a net margin of 7.17% and a return on equity of 16.70%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $1.64 earnings per share. The company's quarterly revenue was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Generac Holdings Inc. will post 6.8 earnings per share for the current year.

Insider Activity at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now directly owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO York A. Ragen sold 29,081 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $184.73, for a total transaction of $5,372,133.13. Following the completion of the transaction, the chief financial officer now owns 135,613 shares in the company, valued at approximately $25,051,789.49. The trade was a 17.66 % 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 valued at $7,584,853 over the last 90 days. 2.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GNRC. StockNews.com raised shares of Generac from a "hold" rating to a "buy" rating in a research note on Monday, October 28th. Roth Mkm upped their target price on shares of Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Barclays initiated coverage on shares of Generac in a research report on Wednesday. They set an "equal weight" rating and a $189.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, TD Cowen increased their price target on shares of Generac from $172.00 to $183.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.30.

About Generac

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.