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

Natixis Advisors LLC boosted its stake in Generac Holdings Inc. (NYSE:GNRC) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,537 shares of the technology company’s stock after acquiring an additional 1,724 shares during the quarter. Natixis Advisors LLC’s holdings in Generac were worth $3,339,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GNRC. First Eagle Investment Management LLC grew its holdings in Generac by 8.4% during the 4th quarter. First Eagle Investment Management LLC now owns 2,592 shares of the technology company’s stock valued at $402,000 after purchasing an additional 200 shares in the last quarter. Wellington Shields Capital Management LLC increased its position in shares of Generac by 42.7% during the fourth quarter. Wellington Shields Capital Management LLC now owns 535 shares of the technology company’s stock worth $83,000 after acquiring an additional 160 shares during the last quarter. Wintrust Investments LLC lifted its stake in shares of Generac by 55.1% in the fourth quarter. Wintrust Investments LLC now owns 428 shares of the technology company’s stock worth $66,000 after acquiring an additional 152 shares in the last quarter. PFG Advisors purchased a new position in Generac in the fourth quarter valued at about $391,000. Finally, Wealthfront Advisers LLC acquired a new stake in Generac during the 4th quarter valued at approximately $12,286,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Stock Performance

Shares of NYSE GNRC opened at $131.57 on Friday. Generac Holdings Inc. has a 12-month low of $115.76 and a 12-month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a market cap of $7.84 billion, a PE ratio of 24.36, a P/E/G ratio of 1.44 and a beta of 1.50. The stock has a 50 day simple moving average of $143.39 and a 200-day simple moving average of $158.05.

Generac (NYSE:GNRC) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities research analysts forecast that Generac Holdings Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on GNRC. UBS Group increased their target price on Generac from $200.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Guggenheim raised shares of Generac from a “sell” rating to a “neutral” rating in a report on Monday, March 17th. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Robert W. Baird lowered their price objective on Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Citigroup reduced their target price on Generac from $172.00 to $162.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the completion of the transaction, the chief executive officer now directly owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is owned by corporate insiders.

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.