Natixis Advisors LLC Increases Stock Holdings in Generac Holdings Inc. (NYSE:GNRC)

Natixis Advisors LLC grew its holdings in shares of Generac Holdings Inc. (NYSE:GNRC - Free Report) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,813 shares of the technology company's stock after purchasing an additional 5,286 shares during the quarter. Natixis Advisors LLC's holdings in Generac were worth $3,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GNRC. Willis Investment Counsel increased its stake in shares of Generac by 18.7% in the third quarter. Willis Investment Counsel now owns 105,007 shares of the technology company's stock worth $16,684,000 after purchasing an additional 16,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Generac by 85.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,021 shares of the technology company's stock valued at $928,000 after acquiring an additional 3,244 shares in the last quarter. Epoch Investment Partners Inc. bought a new stake in Generac during the 1st quarter valued at approximately $1,053,000. Hudson Valley Investment Advisors Inc. ADV bought a new position in Generac in the 3rd quarter worth approximately $3,742,000. Finally, Versor Investments LP bought a new stake in shares of Generac during the third quarter valued at approximately $1,823,000. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Stock Up 3.0 %

GNRC traded up $5.56 on Friday, hitting $189.08. The company had a trading volume of 859,380 shares, compared to its average volume of 915,131. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 39.23, a P/E/G ratio of 2.25 and a beta of 1.37. The stock has a fifty day moving average price of $168.12 and a 200-day moving average price of $153.56. Generac Holdings Inc. has a 12-month low of $108.89 and a 12-month high of $195.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.27. The firm had revenue of $1.17 billion for 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 firm'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. Analysts predict that Generac Holdings Inc. will post 6.8 EPS for the current fiscal year.

Insider Activity at Generac

In other news, 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $166.60, for a total value of $833,000.00. Following the transaction, the chief executive officer now owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. This represents a 0.89 % 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 in the last ninety days. Company insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GNRC. Robert W. Baird cut their target price on shares of Generac from $187.00 to $181.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Scotiabank increased their price target on Generac from $147.00 to $160.00 and gave the company a "sector perform" rating in a research note on Monday, July 29th. Canaccord Genuity Group lifted their price objective on Generac from $177.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Northland Securities increased their target price on Generac from $160.00 to $180.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.58.

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.